ETHEREUM SURVIVES THE SEC.
— Consensys (@Consensys) June 19, 2024
Today we’re 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.
This means that the SEC…
A
A
Crypto: Ethereum Soars 1After the SEC Investigation Ends!
Wed 19 Jun 2024 ▪
3
min of reading ▪ by
Getting informed
▪
Regulation Crypto
In an unexpected turn that has galvanized the crypto market, Ethereum (ETH) experienced a 3% increase following the announcement of the SEC’s conclusion of its investigation into Ethereum 2.0. This decision marks a decisive turning point for the blockchain industry and could have profound implications for the future of decentralized finance.
Triumph for Ethereum! The crypto regulator ends the investigation!
The news was welcomed with enthusiasm by the Ethereum community! Because it dispels a large part of the regulatory uncertainty that weighed on the second-largest crypto by market capitalization. ConsenSys, a major player in Ethereum’s development, confirmed that the SEC had closed its investigation without pressing charges. This implies that the sale of ETH is not considered a securities transaction.
This regulatory clarification comes at a crucial time for Ethereum, which is preparing for the transition to Ethereum 2.0. A major update aimed at improving the scalability and sustainability of the crypto network. This, by moving from a proof-of-work consensus mechanism to a proof-of-stake consensus mechanism. The SEC’s decision could therefore accelerate the adoption and integration of Ethereum into traditional financial systems.
A victory that propels Ethereum!
The immediate impact of this announcement was a significant increase in the price of Ethereum! The ETH crypto surged to over $3,100! Supported by a favorable court victory and increased network activity. Investors and developers see this as a validation of Ethereum’s legitimacy as a commodity rather than a security, which could encourage further innovation and investment in the space.
However, despite this victory, ConsenSys continues its legal battle to obtain clear regulations for the crypto industry. Which is essential for the innovation and growth of blockchain technology. The company is seeking a declaration that offering user interfaces for services such as MetaMask Swaps and Staking does not violate securities laws.
The end of the SEC’s investigation into Ethereum 2.0 is a major victory for the entire crypto industry. It could not only boost investor confidence in Ethereum but also set a precedent for how cryptocurrencies are regulated in the future.
Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.
Click here to join 'Read to Earn' and turn your passion for crypto into rewards!
A
A
Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.