<\/p>\n
Ether\u2019s value surged past US$3,500 as the U.S. Securities and Exchange Commission (SEC) wrapped up its investigation on Ethereum. <\/p>\n
The conclusion of the SEC\u2019s investigation, which did not result in any charges related to Ethereum\u2019s sales as securities, has been met with enthusiasm from investors and the Ethereum community. <\/p>\n
This development comes after Consensys, an Ethereum developer, contested the SEC\u2019s regulatory stance, advocating for Ethereum\u2019s classification as a commodity.<\/p>\n
Consensys\u2019 legal challenge, initiated in April 2024, sought to limit the SEC\u2019s regulatory reach over Ethereum and to obtain a judicial declaration affirming its commodity status. <\/p>\n
The culmination of this legal battle, combined with public and political support, prompted a favorable outcome from the SEC\u2019s Enforcement Division on June 18.<\/p>\n
The resolution of the SEC\u2019s scrutiny lifts a major uncertainty that had been casting a shadow over Ethereum, potentially impacting its classification and market demand. <\/p>\n
The announcement of the investigation\u2019s end was met with an immediate response in the market, with Ethereum\u2019s trading price climbing to $3,586, according to CoinGecko.<\/p>\n
The SEC approved a series of spot Ether exchange-traded funds (ETFs) last month, paving the way for their trading on the stock market.<\/p>\n
Announced on May 23, this decision came amidst legislative efforts to define the regulatory roles of the SEC and the Commodity Futures Trading Commission in the crypto industry, with the Financial Innovation and Technology for the 21st Century Act still pending in the Senate.<\/p>\n
\n\t\t\t\t Post Views:<\/span> 539<\/span>\n\t\t\t<\/p>\n<\/div>\n \t\t!function(f,b,e,v,n,t,s) Ether\u2019s value surged past US$3,500 as the U.S. Securities and Exchange Commission (SEC) wrapped up its investigation on Ethereum. The conclusion of the SEC\u2019s investigation, which did not result in any charges related to Ethereum\u2019s sales as securities, has been met with enthusiasm from investors and the Ethereum community. This development comes after Consensys, an […]<\/p>\n","protected":false},"author":2,"featured_media":192598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-326793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/326793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=326793"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/326793\/revisions"}],"predecessor-version":[{"id":326797,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/326793\/revisions\/326797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/192598"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=326793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=326793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=326793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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