Consensys, the company behind Ethereum, plans to move forward with its lawsuit against the US Securities and Exchange Commission (SEC) following its recent victory. Founder Joseph Lubin stated that the completion of the SEC investigation into Ethereum 2.0 is a step in the right direction but not enough. Consensys aims to pursue the lawsuit to gain more legal clarity for the cryptocurrency industry. Lubin expressed hope that the antagonism towards crypto among US regulators will diminish, leading to a more comprehensive investor protection strategy.
The SEC recently closed its investigation into Ethereum 2.0, stating that ETH sales are not considered securities transactions. Consensys shared the SEC notification, highlighting a major victory for Ethereum developers and industry participants. This outcome follows the legal battle between Consensys and the SEC, in which Consensys argued that the regulator was overstepping its authority by trying to regulate Ethereum as a security.
Please note that the opinions expressed in this article are for informational purposes only and should not be considered financial or investment advice. Investing in cryptocurrencies carries the risk of financial loss.
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