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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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

SEC's Ethereum Regulation<\/h2>\n\n\n\n

Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation<\/a><\/p>\n\n\n\n

SEC's Ethereum Regulation<\/h2>\n\n\n\n

Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/Consensys\/status\/1836882745630544015?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836882745630544015%7Ctwgr%5Ebed23f76f0864addfbf1d782fd461c2205f11b09%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F250431%2Fconsensys-lawsuit-sec-ethereum-tossed-out\n<\/div><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation<\/a><\/p>\n\n\n\n

SEC's Ethereum Regulation<\/h2>\n\n\n\n

Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

At the center of the dispute was Consensys' allegation that the SEC internally viewed Ethereum (ETH) as a security, a classification that could have far-reaching consequences for the crypto industry. The lawsuit aimed to obtain an official declaration that Ethereum was not a security, challenging what it called the agency's \"overreach.\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1836882745630544015?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836882745630544015%7Ctwgr%5Ebed23f76f0864addfbf1d782fd461c2205f11b09%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F250431%2Fconsensys-lawsuit-sec-ethereum-tossed-out\n<\/div><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation<\/a><\/p>\n\n\n\n

SEC's Ethereum Regulation<\/h2>\n\n\n\n

Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Consensys filed its lawsuit against the SEC in April, attempting to preempt regulatory action against Ethereum. The firm, known for developing decentralized applications on the Ethereum blockchain, sought clarification after receiving a Wells notice from the SEC over securities violations related to its popular wallet, MetaMask.<\/p>\n\n\n\n

At the center of the dispute was Consensys' allegation that the SEC internally viewed Ethereum (ETH) as a security, a classification that could have far-reaching consequences for the crypto industry. The lawsuit aimed to obtain an official declaration that Ethereum was not a security, challenging what it called the agency's \"overreach.\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1836882745630544015?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836882745630544015%7Ctwgr%5Ebed23f76f0864addfbf1d782fd461c2205f11b09%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F250431%2Fconsensys-lawsuit-sec-ethereum-tossed-out\n<\/div><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation<\/a><\/p>\n\n\n\n

SEC's Ethereum Regulation<\/h2>\n\n\n\n

Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A US judge dismissed Consensys' lawsuit against the Securities and Exchange Commission (SEC) concerning Ethereum's regulatory status. In its decision, the court ruled that the SEC's actions were not final, rendering Consensys' claims premature.<\/p>\n\n\n\n

Consensys filed its lawsuit against the SEC in April, attempting to preempt regulatory action against Ethereum. The firm, known for developing decentralized applications on the Ethereum blockchain, sought clarification after receiving a Wells notice from the SEC over securities violations related to its popular wallet, MetaMask.<\/p>\n\n\n\n

At the center of the dispute was Consensys' allegation that the SEC internally viewed Ethereum (ETH) as a security, a classification that could have far-reaching consequences for the crypto industry. The lawsuit aimed to obtain an official declaration that Ethereum was not a security, challenging what it called the agency's \"overreach.\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1836882745630544015?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836882745630544015%7Ctwgr%5Ebed23f76f0864addfbf1d782fd461c2205f11b09%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F250431%2Fconsensys-lawsuit-sec-ethereum-tossed-out\n<\/div><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation<\/a><\/p>\n\n\n\n

SEC's Ethereum Regulation<\/h2>\n\n\n\n

Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

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 Reason Behind The Move<\/h2>\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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • Consensys filed the case in April to preempt potential regulatory action after receiving a Wells notice from the SEC.<\/li>\n<\/ul>\n\n\n\n

    A US judge dismissed Consensys' lawsuit against the Securities and Exchange Commission (SEC) concerning Ethereum's regulatory status. In its decision, the court ruled that the SEC's actions were not final, rendering Consensys' claims premature.<\/p>\n\n\n\n

    Consensys filed its lawsuit against the SEC in April, attempting to preempt regulatory action against Ethereum. The firm, known for developing decentralized applications on the Ethereum blockchain, sought clarification after receiving a Wells notice from the SEC over securities violations related to its popular wallet, MetaMask.<\/p>\n\n\n\n

    At the center of the dispute was Consensys' allegation that the SEC internally viewed Ethereum (ETH) as a security, a classification that could have far-reaching consequences for the crypto industry. The lawsuit aimed to obtain an official declaration that Ethereum was not a security, challenging what it called the agency's \"overreach.\"<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/Consensys\/status\/1836882745630544015?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836882745630544015%7Ctwgr%5Ebed23f76f0864addfbf1d782fd461c2205f11b09%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F250431%2Fconsensys-lawsuit-sec-ethereum-tossed-out\n<\/div><\/figure>\n\n\n\n

    See Related: <\/em><\/strong>Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation<\/a><\/p>\n\n\n\n

    SEC's Ethereum Regulation<\/h2>\n\n\n\n

    Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

    The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

    While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

    In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

    Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

    \"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

    \"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

    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 Reason Behind The Move<\/h2>\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"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • The court said the SEC had not made any final decision about Ethereum's regulatory status.<\/li>\n\n\n\n
  • Consensys filed the case in April to preempt potential regulatory action after receiving a Wells notice from the SEC.<\/li>\n<\/ul>\n\n\n\n

    A US judge dismissed Consensys' lawsuit against the Securities and Exchange Commission (SEC) concerning Ethereum's regulatory status. In its decision, the court ruled that the SEC's actions were not final, rendering Consensys' claims premature.<\/p>\n\n\n\n

    Consensys filed its lawsuit against the SEC in April, attempting to preempt regulatory action against Ethereum. The firm, known for developing decentralized applications on the Ethereum blockchain, sought clarification after receiving a Wells notice from the SEC over securities violations related to its popular wallet, MetaMask.<\/p>\n\n\n\n

    At the center of the dispute was Consensys' allegation that the SEC internally viewed Ethereum (ETH) as a security, a classification that could have far-reaching consequences for the crypto industry. The lawsuit aimed to obtain an official declaration that Ethereum was not a security, challenging what it called the agency's \"overreach.\"<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/Consensys\/status\/1836882745630544015?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836882745630544015%7Ctwgr%5Ebed23f76f0864addfbf1d782fd461c2205f11b09%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F250431%2Fconsensys-lawsuit-sec-ethereum-tossed-out\n<\/div><\/figure>\n\n\n\n

    See Related: <\/em><\/strong>Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation<\/a><\/p>\n\n\n\n

    SEC's Ethereum Regulation<\/h2>\n\n\n\n

    Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

    The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

    While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

    In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

    Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

    \"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

    \"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

    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 Reason Behind The Move<\/h2>\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"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
      \n
    • The court said the SEC had not made any final decision about Ethereum's regulatory status.<\/li>\n\n\n\n
    • Consensys filed the case in April to preempt potential regulatory action after receiving a Wells notice from the SEC.<\/li>\n<\/ul>\n\n\n\n

      A US judge dismissed Consensys' lawsuit against the Securities and Exchange Commission (SEC) concerning Ethereum's regulatory status. In its decision, the court ruled that the SEC's actions were not final, rendering Consensys' claims premature.<\/p>\n\n\n\n

      Consensys filed its lawsuit against the SEC in April, attempting to preempt regulatory action against Ethereum. The firm, known for developing decentralized applications on the Ethereum blockchain, sought clarification after receiving a Wells notice from the SEC over securities violations related to its popular wallet, MetaMask.<\/p>\n\n\n\n

      At the center of the dispute was Consensys' allegation that the SEC internally viewed Ethereum (ETH) as a security, a classification that could have far-reaching consequences for the crypto industry. The lawsuit aimed to obtain an official declaration that Ethereum was not a security, challenging what it called the agency's \"overreach.\"<\/p>\n\n\n\n

      \nhttps:\/\/twitter.com\/Consensys\/status\/1836882745630544015?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836882745630544015%7Ctwgr%5Ebed23f76f0864addfbf1d782fd461c2205f11b09%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F250431%2Fconsensys-lawsuit-sec-ethereum-tossed-out\n<\/div><\/figure>\n\n\n\n

      See Related: <\/em><\/strong>Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation<\/a><\/p>\n\n\n\n

      SEC's Ethereum Regulation<\/h2>\n\n\n\n

      Despite Consensys' claims, the court dismissed<\/a> the case on procedural grounds. Judge Reed O'Connor noted that the lawsuit lacked a proper case for judicial review because the SEC had not taken any final action that could be legally challenged.<\/p>\n\n\n\n

      The judge's decision focused on the absence of any conclusive ruling or enforcement from the SEC regarding Ethereum. Without finality, the court argued, Consensys' concerns were speculative and did not warrant judicial intervention at this stage.<\/p>\n\n\n\n

      While the judge dismissed the lawsuit, the conflict between Consensys and the SEC is far from over. Consensys had earlier claimed a partial victory, announcing in June that the SEC had dropped its investigation into Ethereum's status.<\/p>\n\n\n\n

      In a statement following the court's dismissal, Consensys expressed disappointment but emphasized that the fight was not over. Consensys also highlighted growing political interest in Washington regarding digital assets and blockchain technology, suggesting a potential shift in how lawmakers and regulators view the industry.<\/p>\n","post_title":"Judge Dismisses Consensys' Lawsuit against SEC Over Ethereum Regulation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"judge-dismisses-consensys-lawsuit-against-sec-over-ethereum-regulation","to_ping":"","pinged":"","post_modified":"2024-09-23 20:37:07","post_modified_gmt":"2024-09-23 10:37:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18823","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

      Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

      \"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

      \nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

      \"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

      See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

      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 Reason Behind The Move<\/h2>\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"};

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