The U.S. Securities and Exchange Commission (SEC) has permanently suspended its investigation into Ethereum, concluding that Ethereum is not a security. This decision marks a significant victory for Consensys, MetaMask, and Uniswap, as previous Wells Notices served to these entities may now be considered invalid. Following the announcement, Ethereum's price surged nearly 4% early Wednesday morning, trading above $3550, with related tokens such as LDO, ENS, and MKR also experiencing significant gains. The SEC's decision has also paved the way for the approval of Ethereum spot ETFs, with trading expected to commence within the next three weeks. This development is anticipated to usher in a major altseason, with institutions showing increased interest in Ethereum, as evidenced by a 70% rise in open interest on CME ETH futures. In a related move, asset manager Bitwise has launched a national TV ad campaign to promote Ethereum, with the ad being minted as an NFT on Ethereum's layer-2 ZORA Network.