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Ethereum 2.0

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<ul>
 <li>The SEC’s conclusion to its Ethereum investigation boosted ETH price by 5%, nearing $3,600, as a whale bought 5,603 ETH.</li>
 <li>ConsenSys contacted the SEC regarding the Ethereum 2.0 investigation, which may conclude alongside the anticipated spot Ethereum ETF approval.</li>
 <li>Despite a Wells Notice, the SEC has not charged ConsenSys over MetaMask’s features, highlighting the need for clearer crypto regulatory guidelines.</li>
</ul>
<p>The U.S. Securities and Exchange Commission (SEC) has delivered unexpected news to the Ethereum community: it <a href="https://cryptonewsland.com/sec-ends-ethereum-investigation-paving-the-way-for-etf-launch/" target="_blank" rel="noopener noreferrer nofollow">concluded its investigation</a> into Ethereum’s status as a security. Following this announcement, Ethereum’s price surged by 5%, approaching $3,600. Additionally, an Ethereum whale made a purchase of 5,603 ETH shortly after the news broke.</p>
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   <p lang="en" dir="ltr">ETHEREUM SURVIVES THE SEC.<br><br>Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. <br><br>This means that the SEC…</p>— Consensys (@Consensys) <a href="https://twitter.com/Consensys/status/1803230653120659641?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 19, 2024</a>
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<h3 class="wp-block-heading" id="h-sec-to-end-ethereum-investigation">SEC to End Ethereum Investigation</h3>
<p><a href="https://consensys.io/crypto-regulations/defend-ethereum?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=cmp-179181659-afbf08" target="_blank" rel="noopener noreferrer nofollow">ConsenSys</a> contacted the SEC about the Ethereum 2.0 investigation, and the SEC replied positively by closing the investigation This is around the time the SEC is set to approve the highly anticipated spot Ethereum ETF. ConsenSys sent a letter to the SEC last week asking if the ETF approval would mean the investigation is over.</p>
<p>ConsenSys assured that it would continue its legal battle for further regulatory clarity. The company aims to ensure that offering features like MetaMask Swaps and Staking does not violate securities laws. Moreover, ConsenSys expressed frustration that a lawsuit is necessary for regulatory clarity. Clear guidelines are essential for the advancement of crypto technologies and innovations.</p>
<p>Despite the <a href="https://cryptonewsland.com/regulatory-uncertainty-sparks-demand-for-crypto-alternatives/" target="_blank" rel="noopener noreferrer nofollow">Wells Notice</a>, the SEC has not yet charged ConsenSys regarding MetaMask Wallet’s swaps and staking features. The firm made the Wells Notice public in April, indicating possible charges. However, no charges have been filed so far.</p>
<h3 class="wp-block-heading" id="h-eth-price-surge-ahead"><strong>ETH Price Surge Ahead</strong></h3>
<p>From its weekly lows of $3,381, Ethereum’s price has <a href="https://cryptonewsland.com/ethereums-price-surge-faces-resistance-at-3660-will-bulls-prevail/" target="_blank" rel="noopener noreferrer nofollow">bounced back strongly</a>. While ICO whales have been dumping Ethereum recently, other big players are buying from exchanges. According to on-chain data provider Santiment, a prominent whale withdrew 16,604 ETH from Binance in the past 19 days. The ETH whale purchased these coins at an average value of $3,600.</p>
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   <p lang="en" dir="ltr">This big whale withdrew 16,604 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> (~$58.6M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> at an avg price of $3,600 in the past 19 days!<br><br>The whale’s last actions were to accumulate 5,603 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($19.7M) ~ 1hr ago, after the <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SEC</a> permanently suspended their investigation into <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a>.<br><br>Follow <a href="https://twitter.com/spotonchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@spotonchain</a> and… <a href="https://t.co/TYeLwLsWns" rel="noopener noreferrer nofollow">pic.twitter.com/TYeLwLsWns</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1803251312609599998?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 19, 2024</a>
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<p>Interestingly, the whale purchased an additional 5,603 ETH worth $19.7 million shortly after the SEC announced the permanent suspension of the investigation. This move indicates strong confidence in Ethereum’s prospects.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/whats-a-daolationship-and-why-is-consensys-having-one/" rel="noopener noreferrer nofollow">What’s a DAOlationship and Why is ConsenSys Having One?</a></li>
 <li><a href="https://cryptonewsland.com/consensys-partners-with-oasys-for-blockchain-gaming/" rel="noopener noreferrer nofollow">ConsenSys Partners With Oasys for Blockchain Gaming</a></li>
 <li><a href="https://cryptonewsland.com/sec-ends-ethereum-investigation-paving-the-way-for-etf-launch/" rel="noopener noreferrer nofollow">SEC Ends Ethereum Investigation, Paving the Way for ETF Launch</a></li>
 <li><a href="https://cryptonewsland.com/consensyss-bold-move-securing-ethereum-etf-approval-with-revolutionary-features/" rel="noopener noreferrer nofollow">ConsenSys’s Bold Move: Securing Ethereum ETF Approval with Revolutionary Features</a></li>
 <li><a href="https://cryptonewsland.com/consensys-clears-metamask-tax-misunderstanding/" rel="noopener noreferrer nofollow">MetaMask Does Not Collect Taxes on Crypto Transactions: ConsenSys</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/secs-move-boosts-confidence-in-ethereums-future-prospects/" rel="noopener noreferrer nofollow">SEC’s Move Boosts Confidence in Ethereum’s Future Prospects</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

SEC’s Move Boosts Confidence in Ethereum’s Future Prospects

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