ethereum

SEC Closes Investigation into Consensys, Boosting Ether Price

The Big Whale

— 1 min read
  • The SEC closed its investigation into Consensys, not recommending enforcement action.
  • Ether price rose after Consensys received letters from the SEC.
  • Consensys sued the SEC in April over Ethereum's regulatory status.
  • The SEC approved spot Ether ETFs, indicating ETH as a commodity.
  • Consensys celebrates the SEC's decision but continues its lawsuit against the agency.
  • The SEC's investigation closure is seen as a win for Ethereum developers and industry participants.


Summary :


The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Consensys, a technology incubator company that includes the MetaMask wallet, and has stated that it will not recommend any enforcement action against the company. This news has caused the price of ether (ETH) to rise. Consensys had previously sued the SEC in April, alleging that the regulator was investigating whether Ethereum, post-merge, might be considered a security. The SEC's decision to close the investigation is seen as a major win for Ethereum developers and industry participants. However, Consensys has stated that it will continue to press its case against the SEC in its ongoing lawsuit.

Sources :

- Coindesk
- Decrypt
- TheBlock
- CoinTelegraph
- TheBlock
- CoinTelegraph
- Decrypt

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