- Consensys acknowledges the SEC’s decision to drop the investigation into Ethereum as a major victory for the ETH ecosystem.
- The software platform will continue to fight against the SEC’s regulatory overreach.
- Pointing out the SEC’s regulatory limitations, Consensys posits that the regulator is reframing its authority,
The Securities and Exchange Commission has ended its investigation into Ethereum, a major win for the cryptocurrency ecosystem. However, software firm ConsenSys, a key player in the Ethereum space, has vowed to continue its lawsuit against the SEC, alleging regulatory overreach and potential harm to the industry.
Our fight continues. In our lawsuit, we also seek a declaration that offering the user interface software MetaMask Swaps and Staking does not violate the securities laws. It should not take a lawsuit to provide the much-needed regulatory clarity to allow an industry that serves…— Consensys (@Consensys) June 19, 2024
According to an X (formerly Twitter) post by ConsenSys, the SEC has closed its probe into Ethereum 2.0, meaning ETH sales will not be considered securities violations. ConsenSys declared the SEC’s move a landmar…
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