SEC Chair knowingly misled Congress over Ethereum status, House's McHenry says

The Chair of the US Financial Services Committee issued a statement on SEC Chair Gary Gensler’s refusal to comment on the classification of Ether. Chairman Patrick McHenry says that new evidence shows Gensler “misled” the Congress. Classifying Ethereum as a security contradicts previous statements of the SEC and Chair Gensler, McHenry says. US Financial Services Committee Chair Patrick McHenry slammed Securities and Exchange Commission Chairman Gary Gensler for his stand on Ethereum .

#ICYMI: New court filings indicate that @SECGov Chair Gary Gensler knowingly misled Congress when pressed on the classification of #ETH at a @FinancialCmte hearing to conduct oversight of his agency. Read my full statement pic.twitter.com/8osMpbY6Iu — Patrick McHenry April 30, 2024 In his testimony, as seen on the SEC website, Chair Gensler said:, Congress gave the Commission a mandate to protect investors, regardless of the labels or technology used.

Source: Digital Coin News (digitalcoinnews.net)

Cryptocurrencies

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House's McHenry Accuses SEC Chief Gensler of Misleading Congress on EthereumJesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Source: CoinDesk - 🏆 291. / 63 Read more »

Ethereum layer 2s to hit $1T market cap by 2030: Van EckEthereum’s layer 2 blockchains are set to capitalize on Ethereum developer’s scalability push.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Ethereum primed for a potential recovery following JP Morgan's report, DWS's Ethereum ETCEthereum’s (ETH) price continued consolidating for a third consecutive day on Friday after the hefty losses seen at the beginning of the week.
Source: FXStreetNews - 🏆 14. / 72 Read more »

ETH Price Skyrockets as Ethereum Foundation Initiates Sell-offEthereum's soaring price clashes with Ethereum Foundation's puzzling decision to convert ETH into stablecoins
Source: Utoday_en - 🏆 295. / 63 Read more »

Decentralized dilemma: Could Ethereum survive if SEC ruled ETH a security?While the debate about whether Ether is a security has been going on for several years, doubts are now beginning to emerge.
Source: Cointelegraph - 🏆 562. / 51 Read more »

VanEck, CoinShares CEOs doubt SEC will approve spot Ethereum ETFs: CNBCVanEck's CEO and others are not feeling optimistic that the SEC will greenlight spot Ethereum ETFs, CNBC reports.
Source: TheBlock__ - 🏆 464. / 53 Read more »