Ethereum (ETH) DeFi Tokens Rally, Triggered by U.S. SEC Commissioner’s Remarks on Regulatory Easing
Summary
- It was reported that Ethereum (ETH)-based DeFi tokens rallied due to the U.S. SEC Commissioner’s remarks on regulatory easing.
- The SEC Commissioner’s "Innovation Exemption" remarks have led to a surge in trading volumes for major tokens such as Uniswap (UNI), Aave (AAVE), and Sky (SKY).
- ETH price is trading at $2,745.69 on the Binance USDT market, representing a 6.92% increase from the previous day.
On the 10th (local time), according to the crypto-focused media Decrypt, Ethereum (ETH)-based DeFi tokens showed a distinct rally.
It was analyzed that U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins’s remarks on ‘regulatory easing’ served as a key factor.
The outlet stated, "The SEC Commissioner’s comments on relaxing the Innovation Exemption regulation drove the upward trend in DeFi governance tokens," and added, "As a result, the trading volumes of tokens such as Uniswap (UNI), Aave (AAVE), and Sky (SKY) surged, and this could ultimately lead to an increase in the ETH price."
Previously, Commissioner Paul Atkins stated his intention to relax DeFi regulations at a roundtable themed ‘DeFi and the American Spirit’ held that day.
Meanwhile, as of 02:24 on the 11th, ETH is trading at $2,745.69 on the Binance Tether (USDT) market, up 6.92% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
