SEC Drops Its Investigation into Ethereum: ConSensys

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In a recent announcement, leading Ethereum developer Consensys revealed that the US Securities and Exchange Commission has concluded its investigation into the popular cryptocurrency.

On X, the company shared that the SEC’s Enforcement Division has notified them that it will not be pursuing charges against Ethereum 2.0 and the sale of ETH will not be considered as securities transactions.

This news comes after the SEC’s approval of Ethereum spot ETFs last month.

Consensys had previously sent a letter to the SEC, stating that the funds were based on ETH being a commodity and inquiring about the impact on their investigation.

Louis Adams

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.