“SEC Ends Ethereum 2.0 Probe: Boosts Community Relief Amid Price Surge”

Jun 19, 2024

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SEC closes the Ethereum 2.0 investigation, signaling potential regulatory clarity


The U.S. Securities and Exchange Commission has closed its investigation into Ethereum 2.0, bringing relief to the crypto community and boosting Ethereum’s price following a recent dip.


Consensys, a blockchain software company, announced the SEC’s decision to end its investigation into Ethereum 2.0, a move that has been celebrated by developers and industry participants.

Main Points

Consensys filed a litigation against the SEC in April, challenging the categorization of ether as a financial security. The SEC’s response to ETH ETF approvals in May led to the closure of the investigation.

The Enforcement Division confirmed the closure of the Ethereum 2.0 investigation and will not pursue enforcement actions against Consensys. This decision has been viewed as a significant win for the crypto industry.

Consensys emphasizes the need for regulatory clarity in the crypto space to avoid costly litigation and ensure lawful operations. The community views this development as a step towards addressing the SEC’s strict crypto regulations.

Despite recent market fluctuations, Ethereum’s price has seen a 3% surge post the SEC’s decision, providing hope and optimism within the community.


The SEC’s closure of the Ethereum 2.0 investigation signifies progress towards regulatory clarity in the crypto industry and a positive outlook for Ethereum’s future amidst challenging market conditions.