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Crypto Firm Consensys Says US Regulator Closed Investigation into Ethereum 2.0
(Reuters) – The U.S. Securities and Exchange Commission has closed its investigation into the Ethereum 2.0 blockchain protocol, cryptocurrency firm Consensys said in a post on social media platform X on Tuesday.
In April the company filed a lawsuit seeking an injunction against the US SEC over regulation of the Ethereum blockchain.
Consensys founder Joseph Lubin said Wednesday that the SEC’s decision to close the investigation marked “a significant victory” for Ethereum.
“While we welcome this development, it is not enough. We must remain vigilant and continue to support clear and fair rules that allow innovation to thrive,” Lubin, who is also a co-founder of the cryptocurrency Ether, said in a blog post on X.
Consensys said it will continue its lawsuit to obtain a court ruling that the SEC does not have the legal authority to regulate user-controlled software interfaces built on Ethereum or the Ethereum blockchain.
An SEC spokesperson said the commission does not comment on the existence or nonexistence of a possible investigation.
Last month the SEC approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. It was a surprise victory for the cryptocurrency industry which had expected the SEC to reject the filing.
(Reporting by Bhanvi Satija in Bangalore; Editing by Cynthia Osterman and Chris Reese)