The reason for the decline in cryptocurrencies such as Ethereum price may be that US regulators will investigate the application of securities regulatory rules for Ethereum, according to a report in the Wall Street Journal on May 1st. The Securities and Exchange Commission (SEC) , US commodities and Regulators such as the Futures Trading Commission (CFTC) will be scheduled to discuss the issue on May 7.
The U.S. Securities and Exchange Commission has not taken supervision measures on the cryptocurrency, and regulators haven't questioned whether the rules of securities regulation apply to ether.
The CFTC believes Bitcoin is similar to bulk commodities. CBOE and CME have issued Bitcoin futures. Christopher Giancarlo, chairman of the US Commodity Futures Trading Commission, said Bitcoin is part of the currency, part of the securities, and part of the digital currency. This means that the two major US regulators may monitor cryptocurrency. Do you think ETH need to be supervised?
Here is the latest transaction price of Ethereum.
Today May 2nd, the Ethereum price is 4,241.36 yuan for 1 Ethereum, or 669.41 US dollars for 1 Ethereum.
Ethereum currency price is ¥4247.36 =1ETH; $669.41 =1ETH.
Ethereum price today is 4247.36 CNY=1ETH; 669.41 USD=1ETH.
The price of eth to usd is 1 Ethereum=669.41 US dollar.
Ethereum price today in Firecoin network: highest price in 24 hours is 24,48.25 yuan and Bitcoin price lowest in 24 hours at 4,09.93 yuan.