financetom
Technology
financetom
/
Technology
/
Crypto firm Consensys says US regulator has closed inquiry into Ethereum 2.0
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Crypto firm Consensys says US regulator has closed inquiry into Ethereum 2.0
Jun 19, 2024 12:20 PM

June 19 (Reuters) - The U.S. Securities and Exchange

Commission has closed its investigation into the blockchain

protocol Ethereum 2.0, cryptocurrency firm Consensys said in a

post on social media platform X late on Tuesday.

The firm filed a lawsuit seeking an injunction against the

U.S. SEC in April over regulation of the Ethereum blockchain.

Consensys founder Joseph Lubin said on Wednesday that SEC's

decision to close the inquiry marked "a significant victory" for

Ethereum.

"While we welcome this development, it's not enough. We must

remain vigilant and continue advocating for clear and fair

regulations that enable innovation to flourish," Lubin, who also

co-founded the cryptocurrency ether, said in a post on X.

Consensys said it will continue its lawsuit in pursuit of a

court ruling that the SEC does not have legal authority to

regulate the user-controlled software interfaces built on

Ethereum or the Ethereum blockchain.

The SEC was not immediately available for comment due to a

federal holiday.

The SEC last month approved applications from Nasdaq, CBOE

and NYSE to list spot ether ETFs. It was a surprise win for the

cryptocurrency industry which had expected the SEC to reject the

filings.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AT&T searching for office space outside of downtown Dallas [The Dallas Morning News]
AT&T searching for office space outside of downtown Dallas [The Dallas Morning News]
Sep 12, 2025
AT&T ( T ) is looking at office space in the suburbs, two people with knowledge of the situation have told The Dallas Morning News, even as its CEO remained silent Friday regarding speculation about the Dallas-based telecommunications company reducing its downtown presence. A move by AT&T ( T ) could see its more than 2 million-square-foot presence in downtown...
AT&T searching for office space outside of downtown Dallas [The Dallas Morning News]
AT&T searching for office space outside of downtown Dallas [The Dallas Morning News]
Sep 12, 2025
AT&T ( T ) is looking at office space in the suburbs, two people with knowledge of the situation have told The Dallas Morning News, even as its CEO remained silent Friday regarding speculation about the Dallas-based telecommunications company reducing its downtown presence. A move by AT&T ( T ) could see its more than 2 million-square-foot presence in downtown...
Strategic Communications Selected Among 49 Vendors for U.S. Army's $10B ITES-4H Contract
Strategic Communications Selected Among 49 Vendors for U.S. Army's $10B ITES-4H Contract
Sep 12, 2025
LOUISVILLE, Ky., Sept. 12, 2025 /PRNewswire/ -- The U.S. Army has announced the award of the Information Technology Enterprise Solutions – 4 Hardware (ITES-4H) contract, a comprehensive procurement vehicle with a total ceiling value of $10 billion. This indefinite-delivery, indefinite-quantity (IDIQ) contract, spanning a 10-year period, serves as the primary procurement source for comprehensive commercial IT hardware solutions across the...
Telesat announces equity distribution of Telesat Lightspeed business
Telesat announces equity distribution of Telesat Lightspeed business
Sep 12, 2025
OTTAWA, Ontario, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Telesat ( TSAT ) , one of the world’s largest and most innovative satellite operators, today announced that it has completed the distribution of 62% of the equity of its Telesat Lightspeed business to an indirect subsidiary of Telesat Corporation ( TSAT ). The indirect subsidiary is wholly-owned by Telesat Canada’s parent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved