Ethereum achieved the highest level of adoption. “major win” The SEC has closed its investigation on Ethereum 2.0 and confirmed that the sale of ETH is not a securities transaction.
EthereumEnforcement Division, U.S. Securities and Exchange Commission, (SECConsensys, a blockchain company owned by Consensys (formerly known as Consensys Technologies), announced that it had closed its investigation of Ethereum 2.0. said in an X post.
According to the SEC, it “won’t bring any charges claiming that sales of ETH Consensys says that securities transactions are “a type of transaction”.
“The closing of the Ethereum investigation is momentous, but it’s not a cure-all for the many blockchain developers, technology providers, and industry participants who have suffered under SEC’s unlawful and aggressive crypto enforcement regime.”
Consensys
It follows on from a letter sent to the SEC by Consensys in June. Consensys wrote to SEC on 7 June, asking confirmation that recent approval Spot Ethereum Exchange-Traded Funds (ETFs), assuming ETH to be a commodity, would result in the closure of the Ethereum 2.0 investigation.
The battle between Consensys, the blockchain company and the SEC for clarity in regulatory matters continues despite the favorable outcome. is seeking A declaration that the offering of user interface software, such as MetaMask Swaps or Staking does not violate securities laws.
Closure of the investigation is a major step for Ethereum, and indeed the entire industry. The latter has recently been struggling with uncertainty and regulatory enforcement. According to CoinMarketCap, the ETH price has risen 3% following this news and now trades at $3.555.
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Source: crypto.news
