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."