Ethereum

Coin

<ul class="news-points">
 <li><strong>Consensys acknowledges the SEC’s decision to drop the investigation into Ethereum as a major victory for the ETH ecosystem.</strong></li>
 <li><strong>The software platform will continue to fight against the SEC’s regulatory overreach.</strong></li>
 <li><strong>Pointing out the SEC’s regulatory limitations, Consensys posits that the regulator is reframing its authority,</strong></li>
</ul>
<p>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.</p>
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   <p lang="en" dir="ltr">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…</p>— Consensys (@Consensys) <a href="https://twitter.com/Consensys/status/1803230656652304780?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 19, 2024</a>
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<p>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…</p>
<p>The post <a href="https://coinedition.com/sec-backs-down-on-ethereum-but-consensys-isnt-backing-out/" rel="noopener noreferrer nofollow">SEC Backs Down on Ethereum, but ConsenSys Isn’t Backing Out</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

SEC Backs Down on Ethereum, but ConsenSys Isn’t Backing Out

Coin Edition

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