In a recent decision, a Texas court dismissed Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC), which was filed in April 2024 to protect the Ethereum ecosystem from regulatory overreach. The court’s dismissal was based on procedural grounds, without addressing the merits of Consensys’ claims. Despite this setback, Consensys highlighted a significant win for the industry as the SEC dropped its “Ethereum 2.0” investigation following the lawsuit. The company remains committed to fighting for the rights of blockchain developers in the U.S. and is contesting the SEC’s actions in Brooklyn, while noting a potential shift in Washington’s sentiment towards cryptocurrencies.

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