🤯SEC Drops Ethereum Investigation!
Consensys announced that the SEC has dropped its investigation into Ethereum which is a major win for the crypto industry
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Major Win for Ethereum: SEC Closes Investigation into Ethereum 2.0
Consensys announced yesterday evening a significant victory for the blockchain industry. The U.S. Securities and Exchange Commission’s enforcement division has officially notified Consensys that it is closing its investigation into Ethereum 2.0. This marks a pivotal moment for the sector, as it signifies that the SEC will not try to classify ETH as a security.
In an exuberant post on social media platform X, Consensys proclaimed, "Ethereum survives the SEC. This means that the SEC will not bring charges alleging that sales of ETH are securities transactions." This announcement is expected to bolster confidence in Ethereum as an asset and investments into the upcoming ETH ETFs.
This news comes just a day after David Hirsch, the head of the United States Securities and Exchange Commission's (SEC) Crypto Asset and Cyber Unit in the Division of Enforcement, announced he is departing from the agency after nearly nine years of service.
However, it is important to note that some are saying that other charges may still come against Consensys. Aside from Ethereum, MetaMask may still be charged.
Bitwise Announces Significant Investment Interest in Ethereum ETF
In another exciting development, Bitwise has revealed that Pantera Capital is considering a substantial investment in it’s Ethereum ETF once live. Pantera is interested in purchasing up to $100 million worth of shares of Bitwise’s Ethereum ETF. This potential investment underscores the growing institutional interest and confidence in Ethereum's future as a leading blockchain platform.
Ethereum Spot ETFs Set to Launch in July
In related news, Bloomberg analysts have revised their timeline for the launch of the much-anticipated Ethereum Spot ETFs. The new target date is now set for July 2nd. This adjustment follows the recent positive developments regarding Ethereum's regulatory status and is seen as a strategic move to align with the heightened market interest.
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