#SEC Is Dropping Its Investigation Into Ethereum, Consensys Says.
The Ethereum giant has pushed back against regulatory pressure over the world's second largest cryptocurrency.
Leading Ethereum developer Consensys announced late Tuesday that the U.S. Securities and Exchange Commission is “closing its investigation” into the cryptocurrency.
“Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the company posted on Twitter. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.”
After the SEC approved Ethereum spot #ETFs. last month, Consensys said it sent a letter to the SEC noting that the funds “were premised on $ETH
being a commodity,” asking how the decision would affect the agency's investigation.
(Disclosure: Consensys is one of 22 investors in Decrypt.)
