Crypto firm Consensys says US regulator has closed investigation into Ethereum 2.0 By Reuters

(Reuters) -The U.S. Securities and Exchange Commission has closed its investigation into the blockchain 2.0 protocol, cryptocurrency firm Consensys said in a post on social media platform X late on Tuesday.

The firm filed a lawsuit seeking an injunction against the US SEC in April 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 advocate for clear and fair regulations that allow innovation to flourish,” Lubin, who also co-founded the cryptocurrency ether, said in a post on X.

Consensys said it will continue its lawsuit seeking a court ruling that the SEC does not have legal authority to regulate user-controlled software interfaces built on Ethereum or the Ethereum blockchain.

An SEC spokesman 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 filings.

scroll to top