According to TechFlow, on November 13, according to Cointelegraph, Consensys CEO Joe Rubin said that Donald Trump's election victory may be particularly beneficial to Ethereum. Rubin pointed out at Devcon 2024 in Thailand that the U.S. Securities and Exchange Commission (SEC)'s long-standing suppression of Ethereum may be eased by Trump's victory. Since November 5, the price of Ethereum has risen 23% to $3,200. Rubin hopes that the leadership of the SEC will transition smoothly to promote the development of Ethereum.