The post Legal Expert Says Consensys’ Fight with SEC Continues Despite End of Ethereum Investigation appeared on BitcoinEthereumNews.com.

Attorney Rispoli says as Consensys continues its legal fight against the SEC, the lawsuit’s outcome could determine the regulator’s actual position on Ethereum.  There have been mixed reactions surrounding the SEC’s decision to close investigations into Ethereum 2.0 without recommending an enforcement action. Attorney Fred Rispoli shared his reaction to the development via an X thread.  Although it is certainly awesome to not be subject to an SEC investigation, substantively this “closing” of the investigation may not mean much. Why? Because of the post below. Consensys’ fight continues. In district court. In Texas. Substantively, this lawsuit and an SEC…1/4 https://t.co/OR5LbANvW6 — Fred Rispoli (@freddyriz) June 19, 2024 According to Rispoli, the SEC’s decision to close investigations into Ethereum might appear to have a positive outcome on the surface, as it eliminates the immediate threat of an enforcement action involving civil fines and criminal charges. However, an essential part of the issue remains unresolved.  Consensys Continues Fight with SEC   Notably, Ethereum developer Consensys disclosed that its legal fight with the SEC is not over yet. In March, the SEC issued a subpoena to Consensys, revealing its investigation into whether the company violated securities laws via the staking and swap services offered on its Metamask crypto wallet.  As a result, Consensys sued the SEC in April, urging a Texas District Court to declare that the Metamask offerings did not violate securities laws.  With the SEC not commenting on the status of Metamask’s staking and swap services, Consensys noted that its fight with the regulator continues.  In the latest tweet, Consensys stressed the importance of regulatory clarity toward fostering innovation, noting that it should not require a lawsuit to achieve this clarity, especially for the swap and staking services offered on its wallet.  Attorney Rispoli Reacts  Commenting, Attorney Rispoli noted that the lawsuit…

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Filed under: News - @ June 20, 2024 3:10 am