Despite the decision of the US Securities and Exchange Commission (SEC) to end its investigation into Ethereum, Consensys intends to continue its legal battle against the regulator. This was stated by Fox News journalist Eleanor Terrett.
🚨NEW: I reached out to @Consensys founder @ethereumJoseph for comment on the @SECGov dropping its investigation into $ETH and what it means for their lawsuit against the agency. He told me the company still plans to move forward with it:
“The SEC’s decision to close its…
— Eleanor Terrett (@EleanorTerrett) June 20, 2024
Consensys previously said that the SEC notified the company that it had closed its investigation into Ethereum 2.0. Its purpose was to prove that the asset has the status of a security.
Moreover, the Commission will not take legal action after it has issued a “Wells Notice” to a firm. However, Consensys does not intend to withdraw its own lawsuit against the regulator.
According to his statement, Consensys intends to continue the legal battle to achieve “greater legal clarity.” Also, Lubin, according to Terrett’s publication, expressed hope that the “antagonism” among American supervisory authorities towards crypto assets is beginning to weaken.
It should be noted that earlier in the official release, the company stated that it also intends to obtain a court ruling that the sale of crypto assets through MetaMask Swaps and Stakes is not an unregistered offering of securities.
Source: Cryptocurrency
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