The
SEC’s
decision
in
June
to
drop
charges
against
Ethereum
was
a
milestone
in
the
platform’s
journey
toward
maturity
and
greater
acceptance
in
the
financial
world.
For
those
who
didn’t
follow
the
case,
the
SEC
believed
ether
(ETH)
was
sold
as
an
unregistered
stock,
with
concerns
that
it
was
being
sold
without
following
certain
rules
and
protocols.
However,
Ethereum’s
proponents
argued
that,
since
the
network
is
decentralized,
it
does
not
meet
the
criteria
of
an
investment
contract
or
security.