Ethereum (ETH) price has again moved above $2,800 after gaining more than 4% in the past 24 hours.

The top altcoin reached an intraday high of $2,832 across major cryptocurrency exchanges, with these gains coming amid a robust spike for altcoins.

The price of Ethereum (ETH) has again moved above the $2,800 level after gaining more than 4% in the past 24 hours.

The top altcoin reached an intraday high of $2,832 on Monday, 10th June, across major cryptocurrency exchanges, with these gains coming amid a robust spike for altcoins.

This saw the total cryptocurrency market cap rise to $11.5 trillion, while Bitcoin price also tested the $110,000 level.

At the same time, macroeconomic tailwinds and the US-China trade war truce have contributed to this upside action for ETH.

Also likely playing a bullish catalyst is the statement SEC Chair Paul Atkins issued on DeFi and crypto.

With Ethereum, the top decentralized finance ecosystem, Atkin’s remarks during the agency’s Crypto Task Force roundtable have bulls in an upbeat mood.

As analysts have pointed out, regulatory clarity is a key factor in the market, and the SEC’s ongoing quest to ensure this has garnered a lot of praise across crypto.

“The SEC’s role in the crypto ecosystem is crucial, especially as we navigate the complexities of DeFi and its integration with traditional financial systems,” an official statement from the SEC reads.

At the same time, the crypto chiefs at the SEC and the Federal Reserve are set to meet this week to discuss the role of digital assets in the financial system.

The meeting will bring together heads of the relevant bureaus and divisions from both agencies to engage in a high-level discussion on the converging domains of crypto and banking.

The officials will also explore avenues for collaboration to ensure a safe, sound, and efficient financial system.

The meeting is part of an ongoing effort by both agencies to understand and respond to the rapid developments in the crypto industry.

It will build upon previous meetings and collaborations between officials from both agencies.

At the same time, the heads of the Fed’s divisions will discuss the role of digital assets in payments, financial stability, and the broader economy.

The officials will also exchange views on the appropriate roles and responsibilities of the Fed and the SEC in regulating this emerging sector.

At the same time, the SEC officials will provide insights into the integration of crypto into the securities markets.

The meeting comes as the SEC faces a lawsuit from crypto exchange Gemini, which is seeking to force the agency to approve a spot Bitcoin ETF.

At the same time, the House of Representatives has passed a bill that would create a framework for the regulation of stablecoins.

The bill, which is called the "Stablecoin Tethering and Technological Equivalency in DEFi Act," or the "GENTE DEFi Act," would require stablecoin issuers to register with the Securities and Exchange Commission (SEC) and maintain a minimum capital reserve.

It would also create a new category of "digital asset" that would be regulated by the Commodities Futures Trading Commission (CFTC).

The bill is the latest development in the rapidly evolving landscape of cryptocurrency regulation in the United States.

It follows the Senate Banking Committee's approval of a bipartisan bill that would give the CFTC primary jurisdiction over crypto commodities and the SEC secondary jurisdiction.

The House bill would also create a new category of "digital asset" that would be regulated by the CFTC.

This category would include any asset that is not a security and that is used for "economic activity and commercial transactions."

The bill would require stablecoin issuers to register with the SEC and maintain a capital reserve equal to 120% of the outstanding stablecoins.

It would also create a new regulatory framework for decentralized finance (DeFi) protocols, which are open-source and community-driven platforms that offer financial services such as lending, borrowing, and investing.

The bill is expected to be debated by the full House of Representatives in the coming weeks.

It is unclear whether the bill will be passed by the Senate and President Biden.

However, the fact that it has reached this stage of the legislative process is a significant development in the cryptocurrency space.

It could pave the way for the creation of a comprehensive regulatory framework for crypto in the United States.

At the same time, the macroeconomic climate remains supportive for crypto in 2025.

With the US-China trade war truce being reached, the focus now shifts to the potential impact on crypto.

According to reports by Bloomberg, the two economic superpowers have agreed to cooperate in a limited capacity to prevent a worsening of the trade war.

This comes after months of heightened tensions, with both sides imposing tariffs and restrictions on each other’s goods and services.

The truce is said to involve a pause in new tariffs and a possible resumption of trade talks.

It is also being reported that both sides may work together on common goals, such as climate change.

The truce is a positive development for the global economy and could help to stabilize financial markets.

It could also lead to a