Crypto Daily – Consensys, a leading software company, is pressing forward with its lawsuit against the U.S. Securities and Exchange Commission (SEC), seeking greater regulatory clarity for the cryptocurrency sector, even after the SEC concluded its 14-month investigation into the Ethereum developer.
SEC Investigation Closure
The SEC announced the closure of its investigation on June 18, which had scrutinized the buying and selling of Ether during Ethereum’s transition to a proof-of-stake consensus mechanism. The investigation, which began on March 28, 2023, also included a Wells notice sent to Consensys in April, indicating potential enforcement action against the company’s crypto wallet service, MetaMask. This sparked debates over whether Ether should be classified as a security.
Consensys’s Response
Consensys CEO Joseph Lubin welcomed the end of the investigation as a positive development but criticized the SEC’s approach.
He stated,
“We…
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