The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n
On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n
The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n
On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n
The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n
The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n
On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};