SEC Concludes Investigation Into Consensys' Ethereum 2.0, No Charges Filed

According to Odaily, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Consensys' Ethereum 2.0 without filing any charges. However, this does not necessarily mean that the SEC has definitively determined that Ethereum is not a security. Rather, it provides another data point that the commission has concluded that it will not currently file a lawsuit alleging that Ethereum is a security. Teresa Goody Guillén, a partner at BakerHostetler law firm and former SEC litigation attorney, stated that the SEC's decision to drop the investigation could be due to the high litigation risk the agency would have to bear. An anonymous former SEC enforcement attorney echoed this sentiment, stating that the closure of the case does not necessarily mean that they have decided that it is not a security. Instead, they may have simply decided not to risk litigation. This development marks a significant point in the ongoing debate over the classification of cryptocurrencies as securities. The SEC's decision not to pursue charges at this time does not definitively resolve the issue, but it does indicate a potential shift in the regulatory landscape for Ethereum and similar digital assets.