SEC Ends Investigation into Consensys, Ether Price Rises

The SEC has concluded its investigation into Consensys and has informed the company that it will not recommend any enforcement action. This news caused the price of ether to rise. Consensys, whose products include the MetaMask wallet, received letters from the SEC stating that the regulator was closing its investigation into Ethereum 2.0. The letters did not explicitly mention the blockchain associated with ether, but did state that while the investigation was concluded, it should not be taken to mean there will never be an enforcement action.