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Consensys will not withdraw its lawsuit against the SEC

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.

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.

“The SEC’s decision to close its investigation into Ethereum, which has been ongoing for the past 14 months, is the right thing to do, necessary, but not sufficient. There must be a more effective way to regulate this area than the one the Commission is currently using,” the journalist quotes the words of the company’s founder, Joseph Lubin.

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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