Ethereum

<ul><li>Consensys sued the SEC to halt an investigation into Ethereum 2.0, arguing ETH is a commodity.</li><li>Public and congressional pressure contributed to the SEC&#39;s closing of the investigation.</li><li>Consensys seeks further legal clarity on its software offerings, MetaMask Swaps and Staking.</li></ul>The SEC has officially closed its <a href="https://x.com/Consensys/status/1803230653120659641" rel="noopener noreferrer nofollow">investigation</a> into Ethereum 2.0, confirming that ETH sales do not constitute securities transactions. This decision follows a letter from ConsenSys requesting that the SEC confirm Ether&#39;s position as a commodity following the May ETF approval.Consensys Won the SEC, but the Battle Is Still ActiveConsenSys, an Ethereum developer, hailed the announcement as a &#34;major win for Ethereum developers, technology providers, and industry participants.&#34; Despite this victory, <a href="https://cryptotale.org/consensys-takes-sec-to-court-on-eth-security-classification/" rel="noopener noreferrer nofollow">ConsenSys</a> underlined that its regulatory battle with the SEC, led by Gary Gensler, is still ongoing.Consensys also <a href="https://x.com/Consensys/status/1803230656652304780" rel="noopener noreferrer nofollow">stated</a> about the lawsuit, “ 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 as the backbone to countless new technologies and innovations to thrive – but here we are.” <a href="https://cryptotale.org/consensys-wins-sec-closes-ethereum-2-0-investigation-no-enforcement-action/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Consensys Wins: SEC Closes Ethereum 2.0 Investigation, No Enforcement Action

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