The United States Securities and Exchange Commission is dropping its investigation into whether Ether ( ETH ) is a security, Consensys said Wednesday.

“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the firm said in a June 19 X post.

“This means that the SEC will not bring charges alleging that sales of ETH are securities transactions,” which it hailed as a “major win for Ethereum developers, technology providers, and industry participants.”

In March, Fortune reported the SEC issued subpoenas to multiple companies which was related to attempts to label ETH as a security.

This is a developing story, and further information will be added as it becomes available.