The U.S. Securities and Exchange Commission’s enforcement division closed its Ethereum 2.0 investigation, marking a major victory announced by Consensys Software Inc.
On X, Consensys posted relief over the SEC’s decision, stating “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.”
The SEC’s decision follows Consensys’ letter dated June 7, seeking clarification after the approval of spot ether exchange-traded funds (ETFs) in May. These approvals, while pending finalization, signaled the SEC’s view that ETH tokens are commodities rather than…
