The Securities and Exchange Commission is dropping its investigation into whether Ether is a security, Ethereum developer Consensys said Wednesday. “The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the firm said in a June 19 X post. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions,” which it hailed as a “major win for Ethereum developers, technology providers, and industry participants.” {tweet} The news sent Ethereum sharply higher, after several days of unexplained declines driven by an overly ... (full story)