We can finally put down all the FUD for good around Ether "not a security". For years this issue plagued our community. Doing heavy research in 2015 I have known that ETH would not be considered a security rather its a commodity just like Bitcoin is and the CFTC should regulate.
This opens the floodgates to ETH ETFs and Futures.
It's also wonderful news for other smart contracts platforms such as NEO, EOS. Finally, the regulators are clearing the air of uncertainty and the US Institutions can start adding Crypto to their portfolios.
https://www.ccn.com/newsflash-sec-director-says-ether-is-not-a-security/
Who knows where the price of Ethereum will go now but it's probably going to moon. I would be surprise to see it flip BTC's value now that this grey cloud has been removed.
Soon as news broken Ethereumm price and volume went crazy. This is most likely the catalyst for the next hyper bull run from now to into next year as Cryptos reach into the trillions of USD market size.
Price is exploding. Let the FOMO start all over again. R.I.P. to the panic sellers and short sellers of Cryptos.