16,604 ETH Grabbed on Binance as SEC Confirms Ethereum Is Not Security

Smart whale withdraws large amount of ETH from biggest exchange after regulator drops investigation against Ethereum

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Earlier today, Consensys lab, created by Ethereum cofounder Joseph Lubin, announced a major win for Ethereum devs and the entire cryptocurrency space as the Enforcement Division of the SEC notified the team that the regulator finally closed its investigation into Ethereum 2.0.Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.

Fueled by the SEC regulator’s decision, the second largest cryptocurrency, Ethereum, demonstrated a substantial price increase, going up by 4.88%.

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