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    SEC to drop investigation into Ethereum: Consensys

    2024.06.19 | exchangesranking | 59onlookers
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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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