Patrick

Ethereum 2.0

Chair

Gary

<ul class="news-points">
 <li><strong>FSC Chair Patrick McHenry criticizes SEC Chair Gary Gensler for misleading Congress on Ether’s status as a security.</strong></li>
 <li><strong>A recent report states that the SEC approved the Ethereum 2.0 investigation on April 13, 2023, five days before Gensler’s testimony.&nbsp;</strong></li>
 <li><strong>McHenry says Gensler remained silent to the committee’s questions even though he knew the SEC’s stance on ETH status.</strong></li>
</ul>
<p>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.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ICYMI?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ICYMI</a>: New court filings indicate that <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a> Chair Gary Gensler knowingly misled Congress when pressed on the classification of <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> at a <a href="https://twitter.com/FinancialCmte?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FinancialCmte</a> hearing to conduct oversight of his agency.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4d6.png" alt="📖" class="wp-smiley" style="height: 1em; max-height: 1em;"> Read my full statement <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/8osMpbY6Iu" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/8osMpbY6Iu</a></p>— Patrick McHenry (@PatrickMcHenry) <a href="https://twitter.com/PatrickMcHenry/status/1785317163110130028?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 30, 2024</a>
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<p>McHenry’s statements came on the heels of a<a href="https://www.foxbusiness.com/markets/new-court-filings-show-sec-chair-gensler-believed-ethereum-was-security-for-at-least-year" target="_blank" rel="noopener noreferrer nofollow"> recent report</a> that identified the SEC’s contradicting stance on Ethereum’s status. The repo…</p>
<p>The post <a href="https://coinedition.com/houses-mchenry-criticizes-sec-chair-gensler-for-misleading-congress/" rel="noopener noreferrer nofollow">House’s McHenry Criticizes SEC Chair Gensler for Misleading Congress</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

House’s McHenry Criticizes SEC Chair Gensler for Misleading Congress

Coin Edition

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