<img src="https://crypto.news/app/uploads/2024/05/crypto-news-ethereum-Wallets-option02.webp” />
ethereum has achieved a “major victory” as the SEC closes its investigation into ethereum 2.0, confirming that eth sales are not considered securities transactions.
ethereum, the second-largest cryptocurrency by market capitalization, scored a significant victory when the Enforcement Division of the US Securities and Exchange Commission (SEC) announced the closure of its investigation into ethereum 2.0, according to the blockchain firm Consensys. x.com/Consensys/status/1803230653120659641″ target=”_blank” rel=””>said in a post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>
The SEC's decision means that the agency “will not file charges alleging that eth sales are securities transactions,” Consensys explains.
“The closure of the ethereum investigation is momentous, but it is not a panacea for the many blockchain developers, technology providers, and industry participants who have suffered under the SEC's illegal and aggressive cryptocurrency enforcement regime.”
consensus
The latest development comes after a June 7 letter to the SEC from Consensys, which sought confirmation that the recent approval of ethereum exchange-traded funds (ETFs), assuming eth is a commodity, would result in the ethereum 2.0 closure. investigation.
Despite the positive outcome, the battle for regulatory clarity between Consensys and the SEC continues as the blockchain company seeks a declaration that offering front-end software like MetaMask Swaps and Staking does not violate securities laws.
The closure of the investigation marks an important step forward for ethereum and the entire industry, which has lately been grappling with regulatory uncertainties and enforcement actions. Following the news, the price of eth shot up 3% and is now trading at $3,555, according to data from CoinMarketCap.
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
