SEC Concludes Investigation into Ether as a Security: Consensys Reports
Summary:
The US Securities and Exchange Commission (SEC) has ended its investigation into whether Ether (ETH) is a security, according to Consensys. The termination of the probe means the SEC won't accuse ETH sales of being securities transactions. This decision marks a significant triumph for Ethereum developers and industry participants. Further updates on this matter will be reported as they unfold.
The Enforcement Division of the United States Securities and Exchange Commission (SEC) has put an end to its probe into whether Ether (ETH) qualifies as a security, according to a statement released by Consensys on Wednesday. "We have received notification from the SEC's Enforcement Division that they are terminating their investigation into Ethereum 2.0," read the announcement dated June 19. Essentially, this puts to rest speculation that the SEC might accuse ETH sales of being securities transactions. The decision is being celebrated as a significant victory for Ethereum developers, tech providers, and other industry stakeholders. Earlier, in March, Fortune had revealed that numerous companies had been issued subpoenas by the SEC in connection with efforts to categorize ETH as a security. Additional details relating to this ongoing matter will be provided as they emerge.
Published At
6/19/2024 4:39:50 AM
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