$ETH

Congressman William Timmons has demanded transparency from the SEC, requesting all documents related to the agency’s inconsistent treatment of Ethereum (ETH) under Chair Gary Gensler and the Biden administration. In a letter to SEC Chair Atkins, Timmons criticized the SEC’s shifting stance, which reversed prior guidance declaring ETH a non-security in 2018 to launching a secretive “Ethereum 2.0” probe in 2023. This flip-flopping, he argues, stifles innovation and confuses the crypto community. As Congress advances the CLARITY Act to provide regulatory certainty, Timmons insists the American people deserve answers on the SEC’s murky handling of ETH.