ConsenSys Announces SEC Closure of Ethereum 2.0 Inquiry
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, as revealed by a recent announcement from ConsenSys on Tuesday evening. Previously, ConsenSys had filed a lawsuit aiming to block the SEC's regulation over the Ethereum blockchain.
ConsenSys founder Joseph Lubin described the SEC’s decision as a "significant victory" for Ethereum. "While we welcome this development, it’s not enough. We must remain vigilant and continue advocating for clear and fair regulations that enable innovation to flourish," Lubin stated.
Despite the favorable decision from the SEC, ConsenSys intends to pursue its lawsuit to secure a court ruling that the SEC lacks the legal authority to regulate the user-controlled software interfaces that operate on the Ethereum network or Ethereum blockchain itself.
An SEC spokesperson declined to comment on whether other related investigations might exist.
Last month, the SEC made headlines by approving applications from Nasdaq, CBOE, and NYSE to list spot Ether ETFs. This unexpected approval was seen as a considerable win for the cryptocurrency industry, which had been bracing for rejections.
This closure of the Ethereum 2.0 inquiry represents a critical moment in the ongoing dialogue about cryptocurrency regulation and innovation.
Key Highlights:
- SEC ends its investigation into Ethereum 2.0, as announced by ConsenSys.
- Joseph Lubin, founder of ConsenSys, considers it a "significant victory" but emphasizes the need for continuous advocacy for fair regulations.
- ConsenSys will continue its lawsuit to challenge the SEC’s authority over Ethereum-based software interfaces.
- SEC's recent approval for listing spot Ether ETFs by major exchanges like Nasdaq, CBOE, and NYSE marked a surprising success for the cryptocurrency industry.
