The US Securities and Exchange Commission (SEK) Clarification about Liquid Stake continued to lift asset prices across the action sector this week, with ETH rising to $ 4K for the first time since December Friday.
Several LAG-2 networks have also been the recipient of ETH’s recent ascent. Ethereum Scale Solution Optimism’s original token (Up) Rose 8%over the last 24 hours to cement a weekly win of 13%, rival network blast also experienced a Uptick of 6.3%.
Mantle, who uses optimistic rollups to process transactions off-chain before settling them at Ethereum Mainnet, was the leader of the package, where the MNT token jumped by 50% in the last week.
The foothold sector has generally exceeded the wider market with LDO up 12.3% and ETHFI increased 5.4% over the last 24 hours.
The clarification comes after a very short “ALTCOIN season” last month, which led to a series of significant features for Altcoins against their Bitcoin trading pair.
SEC’s clarification of fluid efforts could open the flooding gates to institutional capital, which has been open to investing in assets such as Ether, but not acquiring a dividend through defi because of what was previously a legislative gray area.
Rebecca Rettig, part of Jito’s legal team, suggested that Liquid Staking -Tokens could become part of a ETF following SEC’s announcement.
