‘Fight isn’t over,’ despite SEC closing Ethereum 2.0 probe

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The long-standing legal battle between the United States Securities and Exchange Commission (SEC) and Consensys, the firm behind...

between the United States Securities and Exchange Commission and Consensys, the firm behind the MetaMask wallet, appears to have finally come to an end.

“Well, we were very pleased, to receive the letter noting that the investigation into Ethereum 2.0 has been concluded, and that it was concluded without charges against Consensys.”“It’s the right result, it’s the result that should have happened, a year ago. But of course, the fight isn’t over yet.” She pointed out that these investigations are a significant part of the legal action they have undertaken to protect their operations and the broader Ethereum ecosystem.This all started way back in 2018 when the SEC alluded that Ether was not a security. However, in 2023, the SEC quietly changed its position, asserting authority over Ether as a security and launching an investigation into Ethereum., with an aim to protect the Ethereum ecosystem.

 

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