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SEC Enforcement Division Closes Investigation into Ethereum 2.0, No Securities Charges

Jun 19, 2024, 01:42 AM

The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Ethereum 2.0, determining that the sale of ETH does not constitute a securities transaction. ConsenSys, a key player in the Ethereum ecosystem, confirmed receiving the notification from the SEC's Enforcement Division. This decision follows a letter sent by ConsenSys to the SEC on June 7, requesting clarification on whether the approval of spot ETH ETFs, which classified ETH as a commodity, would lead to the closure of the investigation. The SEC notified ConsenSys on June 13 of its decision. The SEC's decision marks a significant victory for the cryptocurrency industry, particularly for Ethereum developers and stakeholders. The investigation had been ongoing for over a year, and its conclusion is seen as a major win for the broader crypto community.