The United States Securities and Exchange Commission (SEC) has closed its investigation into whether Ethereum (ETH), should be classified as a security. Ethereum developer Consensys announced in June 19 through an X post that the SEC’s Enforcement Division had notified them about the conclusion of the investigation into Ethereum 2.0. The post reads: Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC will not bring charges alleging that sales of ETH are securities transactions. A sigh of relief Consensys had previously sent a letter to the SEC on June 7, requesting clarification on the status of the investigation, citing the agency’s approval of spot Ethereum exchange-traded funds (ETFs) in May.
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Radek Zielinski, ReadWriteWeb
Wed, 06/19/2024 - 12:39pm
Topics: united states securities exchange commission sec ethereum eth sec s enforcement division today etfs may such link laurabrooksie1 june in march consensys metamask gary gensler sec s division enforcement director gurbir grewal ethereum s readwrite sec x ethereum the eth consensys june enforcement division sec s laura brookover march investigation letter post approval notified industry relief lawsuit status agency
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