(Reuters) – The U.S. Securities and Exchange Commission has completed its investigation into the blockchain 2.0 protocol, cryptocurrency firm Consensys said in a post on social media platform X late on Tuesday.
In April, the firm filed a lawsuit seeking an injunction against the US SEC over its regulation of the Ethereum blockchain.
Consensys founder Joseph Lubin said on Wednesday that the SEC’s decision to close the investigation marked a “significant victory” for Ethereum.
“While we welcome this development, it is not enough. We must remain vigilant and continue to advocate for clear and fair rules that allow innovation to flourish,” Lubin, who is also the co-founder of the cryptocurrency Ether, said in a post on X.
Consensys said it will continue the lawsuit, seeking a court ruling that the SEC does not have the legal authority to regulate user-controlled software interfaces built on Ethereum or the Ethereum blockchain.
An SEC spokesman said the commission does not comment on the existence or otherwise of a potential investigation.
Last month, the SEC approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. It was a surprise victory for the cryptocurrency industry, which had expected the SEC to reject the applications.