SEC drops Ethereum investigation to avoid ‘embarrassing’ court case: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718892680887-YAKIHONNES3.jpg 
The United States Securities and Exchange Commission’s (SEC) case to prove Ether is a security may not have been as strong as it let on.

On June 19, 2024, the SEC surprised the crypto industry when it officially closed its investigation into whether Ether is a security. 

 Recent reports indicate that the United States Securities and Exchange Commission (SEC) has officially closed its investigation into whether Ethereum (ETH) is a security. This decision came as a surprise to the crypto industry, as the SEC had previously been scrutinizing Ethereum under the leadership of Chairman Gensler