Reported about 1 year ago
The US Securities and Exchange Commission has concluded its review of Ethereum, announced by Joseph Lubin, an original developer of the cryptocurrency network. Lubin, who is also the CEO of Consensys, welcomed the SEC's decision to end the inquiry, considering it a big win for Ethereum and the web3 community. Ether's value rose by 3% to $3,567 following the news, with the SEC having also approved proposals for exchange-traded funds investing in Ether. The classification of Ether as a security remains ambiguous, raising concerns among crypto enthusiasts about potential regulation impact.
Source: YAHOO