The U.S. Securities and Trade Fee has concluded its investigation into Ethereum 2.0, in accordance with a late Tuesday announcement by cryptocurrency agency ConsenSys on social media platform X. ConsenSys had beforehand filed a lawsuit looking for an injunction towards the SEC’s regulation of the Ethereum blockchain.
ConsenSys founder Joseph Lubin hailed the SEC’s choice as “a big victory” for Ethereum. “Whereas we welcome this improvement, it’s not sufficient. We should stay vigilant and proceed advocating for clear and truthful rules that allow innovation to flourish,” Lubin, who additionally co-founded the cryptocurrency Ether, acknowledged on X.
Regardless of the SEC’s choice, ConsenSys plans to proceed its lawsuit to hunt a court docket 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 potential investigation.
Final month, the SEC accepted purposes from Nasdaq, CBOE, and NYSE to listing spot Ether ETFs, a shocking win for the cryptocurrency trade, which had anticipated rejections.
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