TechFlow news: Ethereum developer Consensys has posted on social media, stating: "Ethereum has withstood the U.S. Securities and Exchange Commission (SEC) scrutiny. Today we are pleased to announce a major victory for Ethereum developers, technology providers, and industry participants: the SEC's Division of Enforcement has informed us that it is closing its investigation into Ethereum 2.0. This means the SEC will not pursue charges alleging that Ethereum sales constitute securities transactions.
This decision follows a letter we sent on June 7, in which we requested the SEC confirm that the approval of Ethereum ETFs in May was based on the premise that Ethereum is a commodity, implying the agency would close its investigation into Ethereum 2.0. Closing the investigation into Ethereum is significant, but it does not address the harm suffered by many blockchain developers, technology providers, and industry participants under the SEC’s unlawful and aggressive crypto enforcement regime."
