SEC closed the book on its Ethereum 2.0 investigation, but legal questions remain | Headlines | News | CoinMarketCap
06/21/2024 23:08
The Securities and Exchange Commission's move to close its "Ethereum 2.0" investigation of Consensys raises the question: So, is ether not a …
The Block Crypto News13 minutes ago
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Published on June 21, 2024 15:51 GMT+00:00edited on June 21, 2024 15:54 GMT+00:00
The Securities and Exchange Commission's move to close its "Ethereum 2.0" investigation of Consensys raises the question: So, is ether not a security?
Sources say that's still not entirely clear.
Consensys announced on Tuesday that the SEC's enforcement division notified the blockchain and web3 development company that it was closing its investigation into Ethereum 2.0 in a "major win" and said that it meant that the SEC "would not bring charges alleging that sales of ETH are securities transactions." This comes after the firm sent a letter in June asking 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."
In a letter sent June 18 to Consensys from the SEC's Chicago Regional Office, …