{"id":1471993,"date":"2024-06-19T02:40:43","date_gmt":"2024-06-19T06:40:43","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1471993"},"modified":"2024-06-19T02:40:43","modified_gmt":"2024-06-19T06:40:43","slug":"ethereum-spikes-after-sec-drops-investigation","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/ethereum-spikes-after-sec-drops-investigation\/1471993\/","title":{"rendered":"Ethereum Spikes After SEC Drops Investigation"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Ethereum Spikes After SEC Drops Investigation<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>The Securities and Exchange Commission is dropping its investigation into whether Ether is a security, Ethereum developer Consensys said Wednesday.<\/p>\n<p>\u201cThe Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the firm said in a June 19 X <a href=\"https:\/\/x.com\/Consensys\/status\/1803230653120659641\" target=\"_blank\" rel=\"noopener\">post<\/a>.<\/p>\n<p>\u201cThis means that the SEC will not bring charges alleging that sales of ETH are securities transactions,\u201d which it hailed as a \u201cmajor win for Ethereum developers, technology providers, and industry participants.\u201d<\/p>\n<p>ETHEREUM SURVIVES THE SEC.<\/p>\n<p>Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.<\/p>\n<p>This means that the SEC\u2026<\/p>\n<p>\u2014 Consensys (@Consensys) <a href=\"https:\/\/twitter.com\/Consensys\/status\/1803230653120659641?ref_src=twsrc%5Etfw\">June 19, 2024<\/a><\/p>\n<p>The news sent Ethereum sharply higher, after several days of unexplained declines driven by an overly aggressive futures seller.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/btc%20eth_6.jpg?itok=gR9EN_yQ\"><\/a><\/p>\n<p>In March, Fortune reported the SEC <a href=\"https:\/\/cointelegraph.com\/news\/sec-ether-security-classification\">issued subpoenas<\/a> to multiple companies which was related to attempts to label ETH as a security.<\/p>\n<p>Consensys <a href=\"https:\/\/cointelegraph.com\/news\/consensys-lawsuit-sec-ethereum\">sued the SEC<\/a> in April, alleging the regulator planned \u201cto seize control over the future of cryptocurrency,\u201d which it said was still on in its latest post.<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Tue, 06\/18\/2024 &#8211; 22:40<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/markets\/ethereum-spikes-after-sec-drops-investigation\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/markets\/ethereum-spikes-after-sec-drops-investigation<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Spikes After SEC Drops Investigation The Securities and Exchange Commission is dropping its investigation into whether Ether is a security, Ethereum developer Consensys said&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1471994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1471993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1471993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1471993"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1471993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1471994"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1471993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1471993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1471993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}