Congratulations 🎉 for Ethereum. Congratulations 🎉 and God..
#squarecreator #Binance #EtheruemETF
👈🏼The SEC ends the investigation into classifying Ethereum as a security..
On June 7, 2024, Consensys urged the SEC to recognize previous approvals of Ethereum-linked ETFs in May, which were based on the assumption that ETH is a commodity. Consensys argued that this should once and for all end the SEC's investigations into Ethereum 2.0.
On June 18, 2024, 4 days ago, the SEC Enforcement Division officially responded. As stated in a letter addressed to Kevin S. Schwartz, Consensys' attorney. “We are writing to inform you that we have concluded the investigation into the matter referred to above […] Based on the information available to us to date, we do not intend to recommend enforcement action by the Commission,” the letter stated.
👈🏼 The SEC emphasized that this closure does not mean exoneration or that no action will result from the investigation. However, Laura Brookover, a lawyer at Consensys, emphasized the importance of this development...