SEC Halts Ether Investigation, Paving Way for Potential Market Surge and ETF Launches

On June 19, 2024, the United States Securities and Exchange Commission (SEC) officially closed its investigation into whether Ether should be classified as a security. Consensys lawyer Laura Brookover stated that crypto markets will see “no more protestations from the SEC that ETH is a security.” However, Carol Goforth, a professor specializing in business associations and securities regulation, clarified to Cointelegraph, “all the decision means is that at this time, the SEC will not be continuing its investigation. This is not a final determination.” Consensys believes the SEC’s withdrawal from its investigation of Ethereum has removed a significant burden that

Source: CryptoIntelligence