Ethereum 2.0 Out of SEC's Crosshairs

posted  19 Jun 2024
Photo - Ethereum 2.0 Out of SEC's Crosshairs
Consensys has reported that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, deciding not to classify it as a security. This announcement follows the approval of Ethereum ETFs and comes just before the expected start of trading in July.

Despite this favorable ruling from the regulator, Consensys developers do not believe that this resolves all the issues faced by decentralized developers affected by recent regulatory actions. It is important to note that Consensys itself remains under SEC investigation.
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,
the statement from Consensys reads.
In this confrontation, the company seeks to secure regulatory clarity for the entire cryptocurrency sector, enabling developers to innovate and create new products without legal obstacles. The SEC has yet to respond to the information released by the MetaMask creators.