$ETH Republican firebrand William Timmons has suddenly launched an attack, angrily criticizing the SEC for its 'ever-changing' regulations on Ethereum, directly pointing to the cloud of uncertainty surrounding the decisions made during the tenure of current chairman Gary Gensler! He has written to current SEC chairman Paul Atkins, demanding the publication of all documents related to Gensler's stance on ETH—this could potentially uncover a long-dormant regulatory 'bomb'!

In 2018, the SEC clearly stated that ETH is not a security, but by 2023, the situation has drastically changed, and Gensler has remained tight-lipped in Congress. Subsequently, it was revealed that the SEC quietly initiated an investigation, causing an uproar in the market. Timmons questioned: 'Where have the policy standards gone? Where has the public's right to know gone?'

This political and financial battle is heating up—if ETH is classified as a security, it will shake the very foundations of the entire crypto market: exchanges, ETFs, and DeFi will all suffer! What lies behind this may not just be policy differences, but also a power struggle between political parties.