ConsenSys Announces SEC to Close Investigation into Ethereum

ConsenSys has announced that the U.S. Securities and Exchange Commission has decided to close its investigation into Ethereum 2.0.

The decision follows a letter we sent on June 7, asking the SEC to confirm that the May ETH ETF approvals, which were premised on ETH being a commodity, meant the agency would close its Ethereum 2.0 investigation.The announcement follows a letter sent by ConsenSys on June 7, urging the SEC to confirm that the recent approvals of Ethereum-based exchange-traded funds , which were based on Ether being classified as a commodity, would lead to the closure of the Ethereum 2.0 investigation.

The company also received a Wells Notice from the SEC in April, indicating the agency’s intent to pursue enforcement action.ConsenSys also said that the battle is not over. In its lawsuit, the company is seeking a court declaration that offering the user interface software MetaMask Swaps and Staking does not violate securities laws.

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