Cryptocurrencies

Consensys CEO Joseph Lubin Says SEC Closes Ethereum Inquiry

The SEC declined to comment on possible investigations
Agency signed off on Ether exchange-traded funds last month

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By Dave Liedtka

June 19, 2024 at 5:47 PM UTC

Updated on

June 19, 2024 at 5:55 PM UTC

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The US Securities and Exchange Commission has ended its review into Ethereum, according to Joseph Lubin, one of the original developers of the second-largest cryptocurrency network.

Lubin is also the founder and chief executive officer of crypto software firm Consensys, which sued the agency in April in an effort to fend off regulation of the Ethereum blockchain. The SEC does not comment on the existence or nonexistence of a possible investigation, a spokesperson said Wednesday.