Ethereum achieved the highest level of adoption. “major win” As the SEC concludes its investigation of Ethereum 2.0, it confirms that sales of ETH do not constitute securities transactions.
EthereumThe Enforcement Division of U.S. Securities and Exchange Commission’s (SECConsensys announced it has closed the investigation on Ethereum 2.0. said in an X post.
According to the SEC, it “will not file charges against any salespersons” ETH Consensys describes securities transactions.
“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 sent a letter on June 7 to the SEC asking for confirmation of the latest approval Spot Ethereum Exchange-Traded Funds (ETFs), assuming ETH to be a commodity, would result in the closure of the Ethereum 2.0 investigation.
Consensys continues to fight for regulatory clarity with the SEC, despite the 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. The news caused the ETH to rise 3%, and it is currently trading at $3.555 according to CoinMarketCap.
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Source: crypto.news