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!