The SEC told Consensys' lawyers it wasn't recommending an enforcement action after ending an investigation into the company.rose after Consensys received letters from the U.S. Securities and Exchange Commission saying the regulator had ended its investigation into the technology incubator company and was not going to recommend an enforcement action against it.
The SEC told Consensys, whose products include the MetaMask wallet, it was not bringing any enforcement actions in a pair of letters sent to its law firms on Tuesday. InThe letters had the subject line"Re: In the Matter of Ethereum 2.0 ," but did not otherwise explicitly mention the blockchain associated with the second-largest cryptocurrency by market capitalization.
"We have concluded the investigation in the above-referenced matter," one letter said."Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against your client, Consensys Software Inc." The letter said that while it's announcing the conclusion of an investigation, that should not be taken to mean there will never be an enforcement action.
"The Commission is instructing its staff that in cases where such action appears appropriate, it may advise a person under inquiry that its formal investigation has been terminated. Such action on the part of the staff will be purely discretionary on its part for the reasons mentioned above.