Published On: Wed, 19 Jun 2024 03:39:18 GMT

SEC stops ETH investigation.

Jun 19, 2024

Author: Sahil Thakur

The US Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0 and will not pursue legal action regarding ETH sales as securities transactions, according to a recent announcement from Consensys.

Consensys noted this as a significant victory for Ethereum developers and businesses, as it removes uncertainty that could have hindered Ethereum’s growth.
The SEC’s decision followed Consensys’ argument that the approval of spot Ethereum ETFs implied ETH wasn’t a security, suggesting the SEC considers ETH more like a commodity, similar to BTC.

Despite this positive development, Consensys emphasized the ongoing need for clear regulatory guidelines, especially for services like MetaMask Swaps and Staking. The team continues to seek broader clarity from the SEC on crypto regulations.

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