SEC Chairman GaryGensler would not answer a congressional question about whether ether is a security. $ETH crypto cryptocurrency
Disregarding the lawmaker’s question aboutspecifically, Gensler stressed that there are 10,000 to 12,000 crypto tokens and proceeded to give the same generic explanation he has said many times:
McHenry cut Gensler off mid-sentence and repeated this question: “I’m asking about one. I’m asking a specific question, Chair Gensler. I said this in private. It should be no shock to you I’m asking this question. Is ether a commodity or security?”“I’m asking about the facts and a law sitting in your seat and the judgment you’re making,” the congressman reiterated his question after cutting Gensler off mid-sentence again.“But you have prejudged on this. You have taken 50 enforcement actions.
When the committee chair confronted Gensler about not answering his ETH-specific question, the SEC chief replied: “I’m answering it in the generic because you would not want me to speak about any one set of facts and circumstance.”
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