Crypto agency Consensys says US regulator has closed inquiry into Ethereum 2.0

(Reuters) -The U.S. Securities and Alternate Fee has closed its investigation into the blockchain protocol 2.0, cryptocurrency agency Consensys stated in a put up on social media platform X late on Tuesday.

The agency filed a lawsuit in search of an injunction in opposition to the U.S. SEC in April over regulation of the Ethereum blockchain.

Consensys founder Joseph Lubin stated on Wednesday that the SEC’s determination to shut the inquiry marked “a big victory” for Ethereum.

“Whereas we welcome this growth, it is not sufficient. We should stay vigilant and proceed advocating for clear and truthful laws that allow innovation to flourish,” Lubin, who additionally co-founded the cryptocurrency ether, stated in a put up on X.

Consensys stated it should proceed its lawsuit in pursuit of a courtroom ruling that the SEC doesn’t have authorized authority to control the user-controlled software program interfaces constructed on Ethereum or the Ethereum blockchain.

An SEC spokesperson stated the fee doesn’t touch upon the existence or nonexistence of a attainable investigation.

The SEC final month permitted purposes from Nasdaq, CBOE and NYSE to listing spot ether ETFs. It was a shock win for the cryptocurrency trade which had anticipated the SEC to reject the filings.