“The sale of Ethereum will not be considered a sale of securities.”
Market: “ETH spot ETF is close to market launch”
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ConsenSys emphasized, “The SEC has notified us that it is ending its investigation into Ethereum 2.0,” adding, “This means that the SEC will no longer claim that Ethereum sales are securities sales.”
While the SEC's final approval and market launch of the Ethereum spot exchange-traded fund (ETF) emerged as an unprecedented topic of interest in the digital asset market this summer, the conflict between the SEC and ConsenSys became a major issue in the market.
In particular, in March of this year, the SEC raised an objection to the Ethereum Foundation over whether Ethereum was a security, and in April, ConsenSys sued the SEC, bringing the conflict between the two parties to a peak. However, the conflict between the two sides appears to have come to an end as ConsenSys announced the end of the SEC's investigation into Ethereum.
With the end of the SEC's investigation into Ethereum, both inside and outside the market are assessing that the launch of an Ethereum spot ETF has become more likely. This is an interpretation that the conflict between the Ethereum Foundation, which issues Ethereum, and ConsenSys has been alleviated, and Ethereum has also become free from securities disputes.
The Ethereum spot ETF only has to approve the ETF securities report 'S-1s' before market launch.
Reporter Seungwon Kwon ksw@
