#SEC
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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. 
The U.S. Securities and Exchange Commission (SEC) will close its regional office in Salt Lake City, and two of its attorneys have resigned. This decision follows the regulator's defeat in court against the mining company Digital Licensing and its DEBT Box project, which began in July 2023. 
Terraform Labs has declared its opposition to paying the $5.3 billion fine levied by the American regulatory authority, pointing out that most investors in the TerraUSD (UST) stablecoin are based outside the U.S. It should be noted that the project saw a total of $40 billion in assets obliterated. 
Newly revealed documents from a Consensys lawsuit indicate that the SEC's committee approved an investigation named "Ethereum 2.0" in April 2023. According to Fox Business, these documents provide insights into the SEC's evolving views on Ethereum's classification as a security. 
The Securities and Exchange Commission (SEC) of the United States secretly investigated Dapper Labs, known for its NFT initiatives, concluding its probe on September 29, 2023. Fortune, an American business publication, disclosed this based on an internal agency document. 
A US court has declared that trading certain cryptocurrencies on the secondary market amounts to dealing in securities, thereby falling under the purview of the Securities and Exchange Commission (SEC). Judge Tana Lin delivered this verdict while presiding over an insider trading case involving acquaintances of employees at the crypto exchange Coinbase. 
Financial Services Committee Calls for RWA Tokenization Rules
On June 5, the U.S. Financial Services Committee hosted a public hearing titled "Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets." The event gathered experts including lawyers, representatives from government financial institutions, and private business executives. South Korea or the USA: Where Will Do Kwon Be Extradited?
In late May, Montenegro's Minister of Justice, Andrej Milović, met with a delegation from the U.S. Securities and Exchange Commission (SEC). This visit followed significant developments regarding the potential extradition of Terraform Labs' fugitive founder, Do Kwon. 
Will the XRP Price Drop After Settling the SEC Fine?
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has escalated to a pivotal phase. The SEC is pursuing a $1.95B fine against Ripple for supposed violations of securities laws. What impact might this have on XRP? 
The U.S. Securities and Exchange Commission (SEC) has charged an additional 17 managers connected to the cryptocurrency platform CryptoFX, accusing them of orchestrating a $300 million Ponzi scheme. This action comes 18 months after the SEC banned CryptoFX's operations and accused its founders of fraud. 
SEC Commissioner Hester Peirce has advocated for a shift towards a more decentralized American financial system and called for lighter regulations, including those affecting cryptocurrencies. She has been a vocal supporter of digital assets since her appointment in 2018.