The regulator’s decision comes after Coinbase said the SEC will vote on a deal to abandon its enforcement case against it.

Ether trades 2% higher as the hacked ETH is seen as a permanently lost supply.

“At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto,” company CEO Gracy Chen told CoinDesk.

I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem.

The token is down by more than 60% since launch.

Lazarus Group was behind Bybit’s $1.5 billion hack on Friday, Arkham Intelligence said, citing ZackXBT.

The week’s uptrend was quickly upended by the hack at crypto exchange Bybit.

The agency has been plagued with procedural and organizational issues for years.

The Securities and Exchange Commission blocked staking when crypto exchange-traded funds were granted, but the lawmakers suggest the SEC may have been off-base.

Bybit CEO has said that the exchange is solvent and withdrawals remain open.