Bitcoin Forum

I definitely believe this are huge news not only for ETH but the space... But specifically for ETH I believe several things will happen, first  this is an important step towards the creation of an ETH ETF, also this will be quite reassuring for a lot of big investor on their current digital investments, perhaps lead them to diversify a bit more confidently as well help inject some more fiat in the space.

The ethereum network has used by so many companies to provide and develop the future infrastructure to support and minimize the cost of their business. It looks like ether gonna be another huge platform in the future. That means US investors will able to buy more ethereum safely. And i like that. that's a huge news.

This will be good for the network and as well as the price because this will not be subjected for further regulation and SEC said even bitcoin isn't a security. This is like a relief for everyone as SEC had always eyed bitcoin being a threat for securities.

You can read the full article here.
https://cointelegraph.com/news/senior-us-regulator-says-ethereum-in-its-present-state-is-not-a-security

I see. So this is the reason why ETH value goes up. This is a good news to eth investors. hopefully the price continues to go up