In a significant win for the industry, the SEC dropped its 'Ethereum 2.0' investigation after our litigation was filed, and the Texas court today recognized that the SEC already gave Consensys the relief it sought on that critical issue for the Ethereum ecosystem.
Consensys argued that its lawsuit "laid bare the overzealous investigation of Ethereum, and policymakers and the public at large voiced deep concern over the SEC's investigation of blockchain software development."
Judge Reed O'Connor of the U.S. District Court for the Northern District of Texas noted in a Thursday filing that "because withholding consideration subjects plaintiff to scant, if any, hardship, the claim lacks a ripe case or controversy."
The U.S. Securities and Exchange Commission had - for a time - added Consensys to a list of crypto investigation targets, prompting the technology incubator company to sue it for overreach in federal court.
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