SEC Is Dropping Its Investigation Into Ethereum, Consensys Says
The post SEC Is Dropping Its Investigation Into Ethereum, Consensys Says appeared on BitcoinEthereumNews.com.
Leading Ethereum developer Consensys announced late Tuesday that the U.S. Securities and Exchange Commission is “closing its investigation” into the cryptocurrency. “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,” the company posted on Twitter. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.” After the SEC approved Ethereum spot ETFs last month, Consensys said it sent a letter to the SEC noting that the funds “were premised on ETH being a commodity,” asking how the decision would affect the agency’s investigation. (Disclosure: Consensys is one of 22 investors in Decrypt.) ETHEREUM SURVIVES THE SEC. 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… — Consensys (@Consensys) June 19, 2024 Consensys attorney Laura Brookover separately posted the SEC’s notification letter and the company’s full statement on the SEC’s move to Twitter. “Things have changed remarkably fast since we filed our lawsuit against the SEC in late April, culminating in today’s development,” Brookover wrote. “After more than a year, the Ethereum investigation is finally over with no charges against anyone.” The SEC sent us a closing letter in the Ethereum 2.0 investigation today. Things have changed remarkably fast since we filed our lawsuit against the SEC in late April, culminating in today’s development. After more than a year, the Ethereum investigation is finally over with no… — Laura Brookover (@laurabrooksie1) June 19, 2024 The SEC’s correspondence, however, included standard language that disclaimed that the notice that it concluded…
Filed under: News - @ June 20, 2024 4:16 pm