SEC Ends Probe Into Consensys, Won’t Sue Over Ethereum 2.0

The price of ether (ETH) rose after Consensys received letters from the U.S. Securities and Exchange Commission (SEC) saying the regulator had ended its investigation into the technology incubator company and was not going to recommend an enforcement action against it.

The SEC told Consensys, whose products include the MetaMask wallet, it was not bringing any enforcement actions in a pair of letters sent to its law firms on Tuesday. In a blog post, Consensys said the SEC was “closing its investigation into Ethereum 2.0.”

The letters had the subject line “Re: In the Matter of Ethereum 2.0 (C-08950),” but did not otherwise explicitly mention the blockchain associated with the second-largest cryptocurrency by market capitalization.

Source: SEC Ends Probe Into Consensys, Won’t Sue Over Ethereum 2.0