Consensys has revealed that the U.S. Securities and Exchange Commission (SEC) has concluded its scrutiny of Ethereum 2.0. This move signifies that the SEC will not claim that transactions involving the sale of ETH qualify as securities. The announcement comes after Consensys reached out to the SEC to confirm that the green light given to ETH exchange-traded funds (ETFs) in May, on the basis of ETH being classified as a commodity, would result in the closure of the Ethereum 2.0 investigation. While this development is significant, Consensys stresses that the fight is far from over. The company is still striving for legal clarity, particularly regarding the availability of user interface software like Metamask Swaps and Staking, maintaining that these offerings comply with securities regulations.
