Crypto firm Consensys says U.S. regulator closes investigation into Ethereum 2.0 By Reuters

(Reuters) – The U.S. Securities and Exchange Commission has closed its investigation into blockchain protocol 2.0, cryptocurrency company Consensys said in a post on social media platform X on Tuesday.

The company filed a lawsuit seeking an injunction against the US SEC in April over regulation of the Ethereum blockchain.

Consensys founder Joseph Lubin said Wednesday that the SEC’s decision to close the investigation marked “a significant victory” for Ethereum.

“While we welcome this development, it is not enough. We must remain vigilant and continue to advocate for clear and fair regulations that allow innovation to thrive,” said Lubin, who also co-founded the crypto -ether currency, in an article on X.

Consensys said it will continue its lawsuit to obtain a court ruling that the SEC does not have the legal authority to regulate user-controlled software interfaces built on Ethereum or the Ethereum blockchain.

An SEC spokesperson said the commission does not comment on the existence or non-existence of a possible investigation.

The SEC last month approved applications from Nasdaq, CBOE and NYSE to list ether spot ETFs. This is a surprise victory for the cryptocurrency industry, which expected the SEC to reject the applications.

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