Chair McHenry Contends SEC's Gensler Misled Congress Regarding Ethereum Classification

Tuesday, 30 April 2024, 21:40

In a recent development, Rep. Patrick McHenry of the House Financial Services Committee has accused SEC Chair Gary Gensler of misinformation during a congressional hearing. The dispute arose over the classification of Ethereum's ether as a security, with allegations that the agency was aware of its stance prior to the testimony. This incident highlights the ongoing debate around regulatory clarity in the cryptocurrency space.

https://store.livarava.com/7869767f-073b-11ef-a6c0-63e1980711b2.jpg — Chair McHenry Contends SEC's Gensler Misled Congress Regarding Ethereum Classification

House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has been accused of misleading Congress by Rep. Patrick McHenry, the chairman of the House Financial Services Committee, who said Gensler's agency already knew it considered Ethereum's ether a security before he attended a hearing and declined to answer that question.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum

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