The post SEC Closes Ethereum Investigation, Affirms ETH as Commodity appeared first on Coinpedia Fintech News
The SEC has officially closed its investigation into Ethereum, confirming that ETH sales are not securities transactions. This decision follows a letter from ConsenSys asking the SEC to affirm Ether’s status as a commodity after the May ETF approvals.
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 survives the SEC, but the Battle is Still On
ConsenSys, an Ethereum developer, announced the news, celebrating it as a “major win for Ethereum developers, technology providers, and industry participants.” Despite this victory, ConsenSys emphasized that the regulatory battle with the S
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