U.S. House Financial Services Committee Chair Patrick McHenry Blasts Gary Gensler, SEC Over ETH Security Stance
House Financial Service Committee Chair Patrick McHenry took to X on April 30 to claim United States Securities and Exchange Commission (SEC) Chair Gary Gensler “knowingly misled Congress when pressed on the classification” of Ethereum (ETH) in his testimony to the Financial Services Committee last April.
McHenry’s allegation comes just a day after unredacted court documents filed by Consensys Software Inc. in its case against the SEC revealed that Gensler and the federal agency appeared to believe ETH was a security for a little more than a year.
The Consensys filing shows that the SEC Director of Enforcement, Gurbir S. Grewal, launched an investigation on March 28 of last year over the “possible offers and sales, since at least 2018, of ‘certain securities, including, but not limited to ETH.’”
#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.
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