SEC Closes its Investigation into Ethereum
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19 June

The US Securities and Exchange Commission (SEC) has announced that it will not further investigate whether Ethereum can be defined as a security.

In a post published on June 19, Ethereum developer Consensys confirmed that the SEC's Enforcement Division had notified them of its decision to close its investigation into Ethereum 2.0.

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This means the SEC will not take any legal action against the sale of ETH as a securities transaction.

Consensys sees this as a major achievement for Ethereum developers, technology providers and other industry players.

The decision came after Consensys sent a letter to the SEC on June 7, requesting an end to its investigation.

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