Consensys announced that the SEC has closed its investigation and will not bring any charges against Ethereum 2.0. This decision came in response to a letter the company sent to the SEC in June, requesting the end of the investigation following spot Ethereum ETF approvals.

SEC Chairman Gary Gensler did not make a definitive statement on whether Ethereum is a security. However, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam suggested that Ethereum is a commodity. This means that the SEC is giving mixed signals.

Consensys will continue its lawsuit against the SEC

Watch out! Bitcoin's decline will continue for 3 more days! Watch out! Bitcoin's decline will continue for 3 more days!

A former SEC enforcement attorney suggested that the SEC may have cancelled the investigation to avoid the risk of litigation. Consensys plans to pursue its lawsuit against the SEC and seeks relief regarding MetaMask. The SEC is required to respond to this lawsuit by early July.

As a result, the SEC's decision to close this investigation does not mean a final decision on whether Ethereum is a security. However, it reduces the likelihood that the SEC will bring future litigation regarding Ethereum. The Block

Editor: David Goodman