Republican Congressman William Timmons has addressed the Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins, demanding documents that reveal the historical position of the agency regarding the status of Ethereum ($ETH ). In a letter dated June 10, 2025, Timmons emphasized the inconsistency of the SEC under Gary Gensler, which has created uncertainty for the crypto industry. In 2018, former SEC director William Hinman stated that Ethereum and Bitcoin are not securities, but Gensler in 2023 evaded a clear answer about the classification of ETH.
Timmons demands the disclosure of documents, including the memorandum 'Analysis of Ethereum 2.0 under the Howey Test' and correspondence related to the 'ETH 2.0' investigation. These materials may shed light on the SEC's shifting position, especially after the approval of spot Ethereum ETFs in 2024, which contradicted the regulator's previous doubts. Transparency, according to Timmons, is necessary to advance the CLARITY Act, which clarifies cryptocurrency regulation.
This request reflects the growing need for clear regulation of the crypto market. Stay updated on blockchain and mining news by subscribing to #MiningUpdates
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