Consensys: SEC Closes Investigation Into Ethereum
Main Ethereum developer Consensys revealed late Tuesday that the U.S. Securities and Alternate Fee (SEC) has determined to shut its investigation into Ethereum 2.0.
The choice follows the SEC’s approval of Ethereum spot ETFs final month. Consensys had responded to this approval by sending a letter to the SEC, mentioning that the funds have been based mostly on ETH being categorized as a commodity. The letter sought clarification on how this classification would impression the continuing investigation.
Laura Brookover, an legal professional for Consensys, took to Twitter to share the SEC’s notification letter together with the corporate’s full assertion. “Issues have modified remarkably quick since we filed our lawsuit towards the SEC in late April, culminating in right this moment’s growth,” Brookover wrote. “After greater than a yr, the Ethereum investigation is lastly over with no expenses towards anybody.”
Regardless of the constructive information, the SEC’s correspondence included an ordinary disclaimer, noting that the conclusion of the investigation shouldn’t be interpreted as an exoneration or a assure that no future motion can be taken.
Whereas the closing of the Ethereum investigation is a major victory, Consensys stays crucial of the SEC’s total strategy to crypto regulation. “The closing of the Ethereum investigation is momentous, nevertheless it’s not a cure-all for the various blockchain builders, know-how suppliers, and business members who’ve suffered below the SEC’s illegal and aggressive crypto enforcement regime.”
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