Ethereum

Ethereum 2.0

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-ends-investigation-into-ethereum-2-0/" rel="noopener noreferrer nofollow">SEC Ends Investigation into Ethereum 2.0</a><br></p>
<p style="text-align: justify">An incredible event occurred in the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow">market</a> recently. In the last days of the cryptocurrency crash, there was a lack of positive <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow">news</a> in the market. The drop in Bitcoin prices also affected altcoins, including <a href="https://en.coin-turk.com/analyst-benjamin-cowen-predicts-a-major-drop-for-ethereum-against-bitcoin/" rel="noopener noreferrer nofollow">Ethereum</a>. The news that emerged recently closely concerned Ethereum and a legal process.</p>
<h2 style="text-align: justify" id="latest-situation-in-the-sec-and-ethereum-dilemma">Latest Situation in the SEC and Ethereum Dilemma</h2>
<p style="text-align: justify">In a statement made by <strong>Consensys</strong> on Wednesday, it was noted that the SEC had ceased monitoring the legal process regarding whether ETH is a security. The developer team shared a post on June 19. The post was as follows:</p>
<blockquote>
 <p>The SEC’s Enforcement Division informed us that it has closed its investigation into Ethereum 2.0. This means the SEC will not bring charges alleging that ETH sales are securities transactions.</p>
</blockquote>
<p style="text-align: justify">The team described this as a significant victory for Ethereum developers, technology providers, and industry participants in general.</p>
<p style="text-align: justify"><img loading="lazy" src="https://coin-turk.com/wp-content/uploads/2024/06/sec-coin-turk-com.png" alt="" width="803" height="381"></p>
<p style="text-align: justify">Following this, the SEC did not provide any comments when asked for a statement on the matter. In March, the SEC launched a campaign calling for Ethereum to be considered a security. In response, <strong>Consensys</strong> filed a lawsuit against the SEC in April, claiming that the regulatory body was attempting to seize control over the future of the cryptocurrency.</p>
<h2 style="text-align: justify" id="what-is-the-current-price-of-ethereum">What Is the Current Price of Ethereum?</h2>
<p style="text-align: justify">During all these events, attention was also on the <strong>Ethereum</strong> price. On May 23, an important event occurred. The SEC gave its first approval for spot Ethereum ETFs, moving to the approval stage of S-1 forms, which are rumored to be approved in July.</p>
<p style="text-align: justify">During this process, the Ethereum price rose from around $2,900 to the $3,900 region but failed to surpass $4,000. Following these events and the market decline, the ETH price pulled back further.</p>
<p style="text-align: justify">As of today, the Ethereum price is trading at $3,580 after a 4% increase in the last 24 hours. Following the price recovery, the market cap rose to $438 billion. On the other hand, the trading volume decreased by 6.03% to $19.4 billion.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-ends-investigation-into-ethereum-2-0/" rel="noopener noreferrer nofollow">SEC Ends Investigation into Ethereum 2.0</a></h5>

SEC Ends Investigation into Ethereum 2.0

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