May 2024

McHenry Accuses SEC of Misleading Congress

Patrick McHenry, Chairman of the House Financial Services Committee, entered the ongoing discord between financial regulators and the cryptocurrency industry. He accused SEC Chair Gary Gensler of misleading Congress about the agency’s position on Ethereum. This accusation follows revelations that the SEC had internally categorized Ethereum (ETH) as an unregistered security for over a year.

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