According to a previous report by Zombit, in March of this year, there were rumors that the U.S. Securities and Exchange Commission (SEC) was investigating Ethereum, and the Ethereum Foundation even received a subpoena from the SEC. The report at that time indicated that the U.S. Securities and Exchange Commission began investigating the Ethereum Foundation around September 2022, shortly after the Ethereum network transitioned to the Proof of Stake (PoS) consensus mechanism.
Today, blockchain software developer ConsenSys announced that the U.S. Securities and Exchange Commission’s enforcement division has notified the company that it will end its investigation into Ethereum 2.0. This means that the SEC will not bring charges alleging that ETH sales constitute securities trading.
However, ConsenSys emphasized in the announcement that while the conclusion of the Ethereum investigation is a milestone, it is not a panacea for blockchain developers, technical providers, and industry participants to escape the illegal and aggressive cryptocurrency enforcement regime of the SEC.