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CryptoIntelligence 2024-06-20 10:50:00

Ether Surges Above $3,500 as SEC Ends Ethereum 2.0 Investigation

Ether Surges Above $3,500 as SEC Ends Ethereum 2.0 Investigation

Ether has surged back above $3,500 following Consensys’ announcement that the U.S. Securities and Exchange Commission (SEC) is ending its investigation into whether ETH is a security. Prior to the announcement, ETH was trading at $3,493. The news, shared on June 19, indicated the SEC will close its probe, which crypto commentators have deemed significant for the industry. “The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” Consensys stated. Following this, Ether rose by approximately 1.4% to $3,541 within 20 minutes, surpassing the critical $3,500 level. As of the time of

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