Ethereum’s price in the market surged above $3,500 after the SEC concluded its investigation, alleviating investor concerns. The SEC had been investigating whether Ethereum (one of the top 10 altcoins) should be classified as a security, which could have negatively impacted its demand. Consensys, a major entity in the Ethereum ecosystem, challenged the SEC’s regulatory stance, arguing that Ethereum is a commodity.  This legal challenge, supported by public and political advocacy, led to the SEC dropping its probe. Following this news, Ethereum’s value rose to $3,563. Despite this positive outcome, Consensys continues to advocate for clear, innovation-friendly crypto regulations. Source: BEINCRYPTO