Consensys Reveals SEC Ending Investigation Of Ether

6/24/2024 2:16:42 PM

(MENAFN- Investor Brand Network) The U.S. Securities and Exchange Commission (SEC) is
ending its investigation
into whether Ether should be classified as a security. On June 19, 2024, Ether developer
ConsenSys shared on social media
that the commission's Enforcement Division has closed its probe into Ether 2.0.

This decision implies that the commission will not pursue any legal actions that would categorize Ether transactions as securities deals. ConsenSys celebrated this development as a significant victory for the Ethereum community, including technology providers, developers and other...

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