SEC Ends Investigation: Ether Poised for Growth as Regulatory Clouds Clear

On June 19, 2024, the United States Securities and Exchange Commission (SEC) closed its investigation into whether Ether should be classified as a security. Consensys lawyer Laura Brookover noted that crypto markets will see “no more protestations from the SEC that ETH is a security.” However, Carol Goforth, a professor at the University of Arkansas School of Law, clarified to Cointelegraph that “all the decision means is that at this time, the SEC will not be continuing its investigation. “This is not a final determination.” Consensys believes the SEC’s withdrawal from its investigation of Ethereum has lifted a significant burden