Ethereum Surges Past $3,500 as SEC Concludes Investigation, Boosting Investor Confidence

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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

Ethereum Surges Past $3,500 as SEC Concludes Investigation, Boosting Investor Confidence

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Name	Price	24H (%)
Bitcoin(BTC)	$59,570.52	0.89%
Ethereum(ETH)	$2,659.23	0.09%
Tether USDt(USDT)	$1.00	0.01%
BNB(BNB)	$532.32	1.89%
Solana(SOL)	$146.66	1.30%
XRP(XRP)	$0.57	-0.79%
Dogecoin(DOGE)	$0.104137	1.37%
Cardano(ADA)	$0.337741	0.61%
TRON(TRX)	$0.131314	0.49%
Shiba Inu(SHIB)	$0.000014	0.37%
Polkadot(DOT)	$4.44	1.16%
Chainlink(LINK)	$10.63	2.68%
Litecoin(LTC)	$66.49	4.46%
Polygon(MATIC)	$0.417041	1.07%
Monero(XMR)	$149.96	0.44%
OKB(OKB)	$36.49	-0.45%
ApeCoin(APE)	$0.60	1.46%