News Explorer — SEC Chair Gensler Again Refuses to Say If He Believes Ethereum Is a Security

Blockworks

SEC Chair Gensler Again Refuses to Say If He Believes Ethereum Is a Security

SEC Chair Gary Gensler appeared before Congress to answer questions regarding his controversial tenure. When asked if Ethereum is a security or a commodity, Gensler refused to answer, instead stating that it depends on the facts and the law. Chairman of the Financial Services Committee, Patrick McHenry, was unsatisfied with this answer. Gensler's refusal to answer provides the regulatory clarity that the digital asset industry needs.