Ethereum ETF Approval: SEC Concerns and Price Drops

Ethereum Faces Regulatory Hurdles Despite Price Surge

Ethereum recently experienced a remarkable surge, reaching $3,700 and recording a 6.8% increase, solidifying its position within the cryptocurrency ecosystem. However, this upward trajectory faces a regulatory challenge as the U.S. Securities and Exchange Commission (SEC) has postponed its decisions on approving Ethereum exchange-traded funds (ETFs) from industry giants such as BlackRock and Fidelity. The SEC cited concerns over Ethereum’s Proof-of-Stake vulnerability as the reason for the delay.