The SEC has officially closed its investigation into Ethereum 2.0, affirming that ETH (CRYPTO:ETH) is classified as a commodity, not a security.

This decision follows Consensys' proactive legal actions and recent ETH ETF approval, boosting Ethereum's market sentiment with a 2.78% price increase to $3,544.

However, the XRP (CRYPTO:XRP) community criticises the SEC for perceived bias, pointing to Ripple's ongoing legal battles and substantial costs.

As Ethereum celebrates regulatory clarity, debates over consistent crypto regulation intensify within the industry.