Ether and altcoin price outlook positive after SEC drops investigation
The SEC has withdrawn the case to prove Ethereum is a security. Now that the waters have been cleared, what is ahead for Ether’s price?
Regulators have backed off Ether (for now), which many observers say could give the asset room to grow.
On June 19, 2024, the United States Securities and Exchange Commission (SEC) officially closed its investigation into whether Ether (ETH) should be classified as a security.
Consensys lawyer Laura Brookover said that crypto markets will see “no more protestations from the SEC that ETH is a security.”
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Author: Daniel Ramirez-Escudero
