Ethereum has climbed to around $2,428–$2,444, up roughly 1.1% as crypto broadly rallied through the Fed's rate decision, joining a move where 94 of the 100 CoinDesk 100 constituents traded higher over 24 hours. The rally came alongside a landmark regulatory development: the SEC formally debuted its long-awaited "innovation exemption" this week, creating a new framework for blockchain-based venues to offer tokenized securities. Robinhood CEO Vlad Tenev called the moment simply, "Tokenization is coming to America," a sentiment echoed across the ecosystem as Ethereum remains the primary settlement layer for most tokenized asset activity.
Notably, the small-cap CoinDesk 80 index — which includes many Ethereum-based DeFi and infrastructure tokens — surged 4.7% following the Fed decision, far outpacing the 1.2% gain in the Bitcoin-heavy CoinDesk 5, signaling risk appetite is returning specifically to higher-beta, Ethereum-adjacent assets.
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