ETH officially "escaped" SEC judgment: Price increased sharply, ENS and LDO followed suit
ETH price increased sharply today, along with the rise of tokens related to the Ethereum ecosystem such as ENS and LDO. The main reason behind this boom is the announcement from the United States Securities Commission (SEC) regarding the classification of ETH.
According to the announcement, the SEC has officially concluded its investigation and determined that Ethereum (ETH) is not a security. This is extremely positive news for ETH, relieving potential legal concerns and opening up huge development potential for the project.
Along with the rise of ETH, two tokens closely related to the Ethereum ecosystem, ENS and LDO, also recorded impressive increases. ENS is a decentralized domain name service on Ethereum, while LDO is the governance token of Lido Finance, an ETH asset lending and mortgage platform.
The breakout of these tokens shows the community's growing confidence in the potential of Ethereum and related projects. The SEC's classification of ETH as not a security is seen as an important step forward, promoting the development and wider adoption of Ethereum in the future.
Overall, the cryptocurrency market is showing positive signs with news about ETH. Investors can consider seizing this opportunity to participate in potential projects such as ETH, ENS and LDO.
Note: This information is for reference only. Always do your own research before making an investment decision.