(Reuters) – The U.S. Securities and Trade Fee has closed its investigation into blockchain protocol 2.0, cryptocurrency agency Consensys stated in a publish on social media platform X late on Tuesday.
In April, the agency filed a lawsuit looking for an injunction towards the US SEC over regulation of the Ethereum blockchain.
Consensys founder Joseph Lubin stated on Wednesday that the SEC's choice to shut its investigation marked a “vital victory” for Ethereum.
“Whereas we welcome this growth, it’s not sufficient. We should stay vigilant and proceed to push for clear and honest rules that permit innovation to flourish,” Lubin, who can be a co-founder of the cryptocurrency Ether, stated in a publish on X.
Consensys stated it is going to proceed its lawsuit looking for a court docket ruling that the SEC doesn’t have the authorized authority to control user-controlled software program interfaces constructed on Ethereum or the Ethereum blockchain.
An SEC spokesman stated the fee doesn’t touch upon the existence or non-existence of a doable investigation.
Final month, the SEC authorized purposes from Nasdaq, CBOE and NYSE to listing spot ether ETFs. It was a shock victory for the cryptocurrency business, which had anticipated the SEC to reject the requests.
