š ETHEREUM IS UP SINCE SEC WON'T SUE š
š„ Ethereum News Boosts Ether Price:
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Consensys and decided not to pursue any enforcement action against the company. This development led to a notable rise in the price of ether (ETH), bringing positive momentum to the broader crypto market.
š SEC Closes Investigation into Ethereum 2.0:
Consensys, a major player in the blockchain industry known for products like the MetaMask wallet, received letters from the SEC confirming the end of the investigation. The letters, titled "Re: In the Matter of Ethereum 2.0 (C-08950)," indicate that no enforcement action is planned.
Key Points:
Investigation Concluded: "We have concluded the investigation in the above-referenced matter," stated one letter.
No Enforcement Action: The SEC confirmed it does not intend to recommend any enforcement action against Consensys Software Inc.
š Ether Price Reaction:
Following the announcement, ether's price surged by as much as 2.6%, according to TradingView data. Over the last 24 hours, ETH is up approximately 3%, while the broader crypto market, measured by the CoinDesk 20 Index (CD20), has added 1.2%.
I guess after the blood bath we at least have some good news!
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