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🔥 BIG NEWS: The SEC has informed Consensys (the company developing Ethereum) that they are closing the investigation into whether ETH is a security or not.
This means that the SEC NO LONGER considers Ethereum as a security and there will be no lawsuits.
This comes after Consensys sent a letter to the SEC asking whether, because the SEC has approved the Ethereum Spot ETF, this means Ethereum is not a security.
ETH has officially become a commodity, like BTC, and the SEC has no jurisdiction over it.
🔥Breaking news: SEC has notified Ethereum development company Consensys that they are investigating whether ETH is a security.
This means that SEC no longer considers Ethereum as a security and there will be no lawsuits involved.
This happened after Consensys sent a letter to SEC inquiring whether SEC approved an Ethereum ETF, does this mean Ethereum is not a security.
ETH has officially become a commodity, just like BTC, and SEC has no jurisdiction over it.