Consensys Software Inc. announced today that the U.S. Securities and Exchange Commission’s enforcement division has notified the blockchain company that it is closing its investigation into Ethereum 2.0, which it described as a “major win” for the industry.

“Ethereum survives the SEC,” Consensys wrote in its X post. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.”

Consensys detailed in the X thread that the SEC’s decision came after the company sent a letter on June 7, which asked the agency to confirm that the spot ether exchange-traded fund approvals in May meant that it would end its investigation into Ethereum 2.0. The approval of spot ETH ETFs, though not final, was based on the premise that ETH tokens were commodities, …