Ethereum spikes after the SEC declares it's not a security

Ether, the cryptocurrency powered by the Ethereum blockchain, was trading up over 7% after a Securities and Exchange Commission official said the agency did not view the crypto as a security.
Such a designation would put the token under the agency's authority.
Watch ether trade in real time here. 
Ether, the cryptocurrency powered by the Ethereum blockchain, spiked Thursday after a Securities and Exchange Commission official said the agency did not view the crypto as a security.
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