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 shortly after Ethereum’s transition to the Proof of Stake (PoS) consensus mechanism in September 2022.
Today, blockchain software developer ConsenSys announced that the U.S. Securities and Exchange Commission’s (SEC) enforcement division has informed the company that it will end its investigation into Ethereum 2.0. This means that the SEC will not bring charges against ETH sales as securities transactions.
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, technology providers, and industry participants to escape the illegal and aggressive crypto enforcement regime of the SEC.
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