$ETH #ETHETFsApproved

Ethereum Price Rises Slightly After SEC Concludes Investigation

The U.S. Securities and Exchange Commission (SEC) is reportedly concluding its investigation into Ethereum 2.0 and ConsenSys, the company behind the MetaMask wallet. In response to this update, ConsenSys announced it had “survived the SEC,” marking a significant victory for ETH developers.

“Ethereum has prevailed over the SEC. Today, we are thrilled to announce a major victory for Ethereum developers, technology providers, and industry participants: the SEC’s Enforcement Division has informed us that they are closing their investigation into Ethereum 2.0.”

Ethereum 2.0 refers to the post-Merge era, when the network transitioned from Proof of Work (PoW) to Proof of Stake (PoS). Clarifying the update’s implications for ETH sold after the Merge, the company added: “This means the SEC will not allege that the sale of ETH constitutes a securities transaction.”