https://www.cnet.com/news/ethereum-doesnt-fall-under-sec-rules/

The price of Ether surged roughly 11 percent to $526 a coin on Thursday after a Securities and Exchange Commission official said the cryptocurrency doesn't have to adhere to the agency's rules.

William Hinman, an SEC director, said the agency doesn't view Ether as a security. The SEC made the determination after deciding the Ethereum network is "sufficiently decentralized," Hinman said at the Yahoo Finance All Markets Summit.