SEC to drop investigation into Ethereum: Consensys
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The United States Securities and Exchange Commission is dropping its investigation into whether Ether (ETH) is a security, Consensys said Wednesday.
“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the firm said in a June 19 X post.
“This means that the SEC will not bring charges alleging that sales of ETH are securities transactions,” which it hailed as a “major win for Ethereum developers, technology providers, and industry participants.”
In March, Fortune reported the SEC issued subpoenas to multiple companies which was related to attempts to label ETH as a security.
This is a developing story, and further information will be added as it becomes available.
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