(Reuters) – The U.S. Securities and Alternate Fee has closed its investigation into Blockchain Protocol 2.0, cryptocurrency agency ConsenSys mentioned in a publish on social media platform X late on Tuesday.
In April, the corporate filed a lawsuit in opposition to the U.S. SEC looking for an injunction over regulation of the Ethereum blockchain.
ConsenSys founder Joseph Lubin mentioned on Wednesday that the SEC's determination to drop the investigation was a “enormous win” for Ethereum.
“Whereas we welcome these developments, they don’t seem to be sufficient. We should stay vigilant and proceed to advocate for clear and truthful regulation that enables innovation to thrive,” Lubin, who can also be a co-founder of the cryptocurrency Ether, mentioned in a publish on X.
ConsenSys mentioned it could proceed the lawsuit, looking for a courtroom ruling that the SEC lacks the authorized authority to manage Ethereum or user-controlled software program interfaces constructed on the Ethereum blockchain.
An SEC spokesman mentioned the fee doesn’t touch upon whether or not there are investigations.
Final month, the SEC authorized purposes for a spot Ethereum ETF to be listed on Nasdaq, CBOE and the NYSE, a shock win for the crypto business, which had anticipated the SEC to reject the appliance.
