House’s McHenry Criticizes SEC Chair Gensler for Misleading Congress

• FSC Chair Patrick McHenry criticizes SEC Chair Gary Gensler for misleading Congress on Ether’s status as a security.
• A recent report states that the SEC approved the Ethereum 2.0 investigation on April 13, 2023, five days before Gensler’s testimony. 
• McHenry says Gensler remained silent to the committee’s questions even though he knew the SEC’s stance on ETH status.

House Financial Services Committee Chairman, Rep. Patrick McHenry, recently criticized Securities and Exchange Commission (SEC) Chair Gary Gensler for misleading Congress on the classification of Ether as security. He stated that Gensler refused to reply to FSC’s pertinent questions regarding the status of Ether during his testimony in April 2023. 

#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 (@PatrickMcHenry) April 30, 2024

McHenry’s statements came on the heels of a recent report that identified the SEC’s contradicting stance on Ethereum’s status. The repo…

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