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SEC closes Ethereum 2.0 investigation, recognizes ETH's non-security status

Ethereum infrastructure developer Consensus has announced that "the U.S. Securities and Exchange Commission (SEC) has informed us that it is closing its investigation into Ethereum 2.0. This means that the SEC will not prosecute the sale of ETH as a securities transaction. While this is a very significant event, it is not the panacea the blockchain industry needs after suffering from the SEC's illegal and aggressive sanctions. Our fight continues. We are in litigation with the SEC, which notified Consensus that MetaMask products violated securities laws."

The SEC's notice is in response to a letter Consensus sent to the SEC on July 7th. At the time, Consensus asked the SEC to "respond to whether the approval of the ETH Spot ETF means the end of the Ethereum 2.0 investigation."

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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