[Lunch Briefing] US SEC suspends Ethereum securities investigation

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Bitcoin (BTC) price chart as of 13:04 pm on the 20th / Source = Bithumb


Major domestic virtual assets are in mixed performance.

As of 1 p.m. on the 20th, Bitcoin (BTC) is trading at 91.85 million won, up 0.38% from the previous day. Ethereum (ETH) rose 0.97% to 5,006,000 won. Tether (USDT) was traded at 1,408 won, down 0.14% from the previous day, and Binance Coin (BNB) was traded at 840,500 won, up 0.66%. Solana (SOL) fell 2.45% to 187,500 won.



The international market is in decline. At the same time, on CoinMarketCap, BTC recorded $65,118.85, down 0.41% from the previous day. ETH was traded at $3549.46, down 0.57%. USDT fell 0.02% to $0.9995, and BNB fell 0.09% to $597.44. SOL was trading at $132.84, down 5.46%.

The total market capitalization of virtual assets is $2.37 trillion (KRW 3288.4442 trillion), an increase of $1.29 trillion (KRW 1,823.843 trillion) compared to the same period last year. The fear and greed index of virtual asset data company Alternative.Me is in the 'greed' state at 60 points, down 4 points from the previous day.

The U.S. Securities and Exchange Commission (SEC) suspends its investigation into whether Ethereum (ETH) is a security.

On the 19th (local time), ConsenSys, an ETH-based software developer, announced on This means that the SEC no longer considers ETH sales to be securities transactions.

The SEC's decision is a response to the letter ConsenSys sent to the SEC on the 7th. At the time, ConsenSys asked the SEC to “answer whether the approval of the ETH spot ETF means the end of the Ethereum 2.0 investigation.”

“We do not know the exact reason why the SEC concluded that Bitcoin and Ethereum are not securities,” said Matt Kovar, an attorney at Consensys’ legal team. “Accordingly, it is unknown whether other proof-of-stake coins such as Solana and Polygon are securities.” “I can’t,” he said.
Reporter Lee Yeon-ju
juya@rni.kr
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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