Consensys Founder: Will continue to advance the lawsuit against the SEC for more legal transparency for the industry

ChainCatcher news, Fox reporter Eleanor Terrett posted on X that she contacted Consensys founder Joseph Lubin to comment on the U.S. SEC's decision to drop its investigation into ETH and what this means for the company's lawsuit against the SEC.

Lubin stated that the company still plans to move forward, "The SEC's decision to end its 14-month investigation into Ethereum is an exciting development—it's necessary, but not enough. There must be better ways to regulate the market than ambushes. We hope that some U.S. regulators' hostility towards cryptocurrency begins to wane, and the national investor protection strategy will move away from the current guerrilla tactics. Until then, we will continue to sue the SEC in Texas, as we intend to fight for greater legal transparency for everyone."

ChainCatcher previously reported that Consensys announced on social media that Ethereum developers, technology providers, and industry participants have achieved a significant victory: the U.S. SEC enforcement division notified us that it will end its investigation into Ethereum 2.0. This means the SEC will not charge that the sale of Ethereum constitutes a securities transaction.