Consensys, the company behind Metamask, one of the largest cryptocurrency wallets, announced that they and Ethereum are out of SEC danger.

“SEC will not sue us”

In a statement made by Consensys at night, it was stated that the SEC’s decision was a great victory for Ethereum developers and the following statements were used:

“Today, we are pleased to announce an important victory for Ethereum developers, technology providers and industry participants. The SEC’s enforcement division has notified us that it has closed its investigation into Ethereum 2.0. This means that the SEC will not prosecute us for the involvement of ETH transactions in the sale of securities.”

“Not enough to heal all wounds”

The company also stated that it sent a letter to the SEC on June 7 asking whether the approval of ETH ETFs makes Ether a commodity and, as a result, whether the investigation should be closed:

“In our letter to the SEC on June 7, we mentioned the approval of ETH ETFs and asked whether this makes Ether a commodity, and if so, whether this means that the investigation should be closed. While the end of this investigation is a positive development, it will not be enough to heal all the wounds of the blockchain world, which has suffered from the SEC’s illegal and aggressive anti-crypto actions.”