SEC Ends Probe Into Consensus, Won't Sue Over Ethereum
Summary
Ether's price increased after Consensys received letters from the SEC, ending the investigation into the company and not recommending enforcement action. The letters did not explicitly mention Ethereum 2.0 but stated the conclusion of the investigation. The SEC's staff may advise termination of formal investigations, but it does not indicate exoneration. Consensys had sued the SEC in April, alleging an investigation into Ethereum's security status post-merge. Following the news, Ether's price rose by 2.6%.
