SEC Closes Investigation Into Ethereum and Consensys
The decision marks a significant moment for the blockchain community, but regulatory challenges remain.
- The SEC has ended its probe into Ethereum 2.0, deciding not to pursue charges against Consensys.
- Consensys had previously sued the SEC, alleging regulatory overreach and seeking clarity on Ethereum's status.
- The closure of the investigation follows the approval of Ethereum spot ETFs, which classified ETH as a commodity.
- Despite this win, Consensys and other crypto entities still face ongoing legal and regulatory uncertainties.
- The price of Ether saw an increase following the announcement, reflecting positive market sentiment.
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