According to a previous report by Zombit, there were rumors in March this year that the U.S. Securities and Exchange Commission (SEC) was investigating Ethereum, and the Ethereum Foundation even received a subpoena from the SEC. The report at that time indicated that the U.S. Securities and Exchange Commission began investigating the Ethereum Foundation around September 2022, shortly after the Ethereum network transitioned to the Proof of Stake (PoS) consensus mechanism.
Today, blockchain software developer ConsenSys announced that the SEC’s enforcement division has informed the company that it will end its investigation into Ethereum 2.0, meaning that the SEC will not bring charges against ETH’s sales as securities transactions.
However, ConsenSys emphasized in the announcement that while the closure of the Ethereum investigation is a milestone, it is not a panacea for blockchain developers, technology providers, and industry participants to escape the illegal and aggressive crypto enforcement regime of the SEC.
