Consensys' lawsuit against the SEC marches on as planned, though the agency said this week that it closed its investigation around Ethereum 2.0.
"Consensys will press ahead with its lawsuit until we get the full relief we are seeking," the company's founder and chief, Joe Lubin, said in a statement sent to Axios yesterday.
Why it matters: It matters to Lubin and Consensys, because while the SEC closed its investigation of the blockchain, it hasn't necessarily backed off the firm developing software around it.
Behind the scenes: One SEC investigation has concluded: The one related to ether's status as a security post-Merge.
But the SEC has not concluded investigations on alleged issues that led to the April Wells notice, according to Lubin. (Think MetaMask Swaps and MetaMask Staking.)
The bottom line: The SEC's letter to Consensys this week, Lubin said, "referred to boilerplate disclaimers, including that an investigation may be concluded based on the agency's 'workload considerations.'"
💭 Our thought bubble: Maybe the SEC's recent attrition will be beneficial to Consensys.
