โ๏ธ ๐.๐. ๐๐๐ฐ๐ฆ๐๐ค๐๐ซ ๐๐๐ฆ๐๐ง๐๐ฌ ๐๐๐ ๐๐๐ฅ๐๐๐ฌ๐ ๐๐ญ๐ก๐๐ซ๐๐ฎ๐ฆ ๐๐จ๐๐ฎ๐ฆ๐๐ง๐ญ๐ฌ โ โ๐๐๐๐ซ๐๐ญ ๐๐ญ๐๐ง๐๐ ๐๐ฎ๐ซ๐ญ๐ข๐ง๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จโ
๐งพ Whatโs Happening?
๐บ๐ธ U.S. Congressman William Timmons is calling out the SEC for its confusing and inconsistent approach to Ethereumโs legal status.
๐ฌ He sent a formal letter to SEC Chair Paul Atkins, demanding the agency release internal emails and files that could explain why their stance on ETH has changed over the years.
๐๏ธ Documents Requested by Timmons:
Emails discussing if ETH is a security
Records from the ETH 2.0 investigation
Internal files titled โETH โ Security or Notโ
(Some were mentioned during the Coinbase lawsuit but never made public)
๐ 2018 vs 2025: What Changed?
โ 2018: SEC official William Hinman said Ethereum is not a security, reassuring the crypto community.
โ Now (2025): Under Chair Gary Gensler, the SEC wonโt confirm ETHโs status, creating uncertainty for developers, investors, and businesses.
๐ฌ Why It Matters:
Timmons says this โregulation by enforcementโ strategy hurts U.S. innovation and confuses everyone.
๐ He wants transparency as Congress moves forward with the CLARITY Act, which aims to give clear legal definitions for crypto assets.
๐ข Takeaway:
"The American people and crypto builders deserve clarity โ not confusing rules that change without warning." โ Rep. Timmons
โก๏ธ If these documents are released, we could finally understand the real reason behind the SECโs shifting stance on ETH โ and push toward better crypto laws.
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