(Reuters) -The U.S. Securities and Change Fee has closed its investigation into the blockchain protocol 2.0, cryptocurrency agency Consensys mentioned in a publish on social media platform X late on Tuesday.
The agency filed a lawsuit looking for an injunction towards the U.S. SEC in April over regulation of the Ethereum blockchain.
Consensys founder Joseph Lubin mentioned on Wednesday that the SEC’s choice to shut the inquiry marked “a major victory” for Ethereum.
“Whereas we welcome this growth, it is not sufficient. We should stay vigilant and proceed advocating for clear and honest rules that allow innovation to flourish,” Lubin, who additionally co-founded the cryptocurrency ether, mentioned in a publish on X.
Consensys mentioned it can proceed its lawsuit in pursuit of a court docket ruling that the SEC doesn’t have authorized authority to manage the user-controlled software program interfaces constructed on Ethereum or the Ethereum blockchain.
An SEC spokesperson mentioned the fee doesn’t touch upon the existence or nonexistence of a potential investigation.
The SEC final month permitted functions from Nasdaq, CBOE and NYSE to record spot ether ETFs. It was a shock win for the cryptocurrency business which had anticipated the SEC to reject the filings.
