The U.S. Securities and Exchange Commission has concluded its investigation into Ethereum 2.0, based on a late Tuesday announcement by cryptocurrency agency ConsenSys on social media platform X. ConsenSys had beforehand filed a lawsuit searching for an injunction in opposition to the SEC’s regulation of the Ethereum blockchain.
ConsenSys founder Joseph Lubin hailed the SEC’s choice 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, who additionally co-founded the cryptocurrency Ether, said on X.
Despite the SEC’s choice, ConsenSys plans to proceed its lawsuit to hunt a courtroom ruling that the SEC lacks authorized authority to control the user-controlled software program interfaces constructed on Ethereum or the Ethereum blockchain itself.
An SEC spokesperson declined to touch upon the existence or nonexistence of a doable investigation.
Last month, the SEC authorised purposes from Nasdaq, CBOE, and NYSE to checklist spot Ether ETFs, a stunning win for the cryptocurrency trade, which had anticipated rejections.
Featured Image: Freepik
Please See Disclaimer