Another Win for Ethereum!
TL;DR
The SEC dropped its ETH investigation, along with any potential charges, leading to a 3% bump in ETH’s price.
Full Story
Talking back to your mom → getting grounded
Walking past a bag of soil at Home Depot → slapping the top of it
Using “holy guacamole” in conversation → not getting a second date
These are all natural progressions.
Same goes for the SEC’s approval of an ETH ETF → it was expected that they’d then drop their ETH investigation, along with any potential charges.
And that’s exactly what just happened.
Which gave Ethereum a neat little 3% bump in price.
That ain’t much! But given we’re in a short-term market downtrend, it carries a little extra weight.
Big picture:
This is another positive step forward for crypto in the US.
We love to see it!