SEC Closes Investigation into Ethereum 2.0, No Securities Allegations for ETH and Consensys

Jun 19, 2024, 01:07 AM

The U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Ethereum 2.0, marking a significant victory for Consensys and the broader Ethereum community. The SEC will not allege that the sale of ETH constitutes a securities transaction. This decision follows a letter from Consensys to the SEC, sent on June 7, seeking clarification on the matter. The closure of the investigation is seen as a major unlock for the Ethereum ecosystem, allowing developers, technology providers, and industry participants to operate without the looming threat of regulatory action. This development is expected to have positive implications for the broader crypto market, potentially reigniting bullish sentiment.