$ETH
according to the report in COINTELEGRAPH which states:
Representative Timmons asks the SEC for documents regarding the agency's previous approach to Ethereum
Republican representative William Timmons has requested from the chairman of the U.S. Securities and Exchange Commission, Paul Atkins, documents regarding the agency's historical approach to Ether.
Republican representative William Timmons has asked the chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, to provide documents about the agency's historical treatment of Ether during Gary Gensler's tenure, who was appointed by the Biden administration.
Timmons asked Atkins in a letter sent on Tuesday for "specific documents" regarding the "historical positions of the SEC on the status" of Ether
ETH
R$ 15.820
, arguing that this would help the public and Congress better understand the previous leadership's approach.
"Under the previous leadership, the SEC refused to articulate a consistent and coherent view on how it believed securities laws applied to digital assets. Its fluctuating stance regarding ETH is a clear example of this," the letter states.
Gensler “raised doubts” about ETH as chairman
Timmons noted that in 2018, the then-director of corporate finance at the SEC, William Hinman, stated that the agency would not consider Bitcoin
BTC
R$ 608.939
or ETH as securities.
However, according to him, Gensler — while chairman — "raised doubts about the status of ETH by repeatedly refusing to answer questions about whether the SEC considered ETH a security" during a congressional hearing in April 2023.
"As would later be revealed, days before that testimony the SEC had approved a formal investigation to determine whether ETH is a security," Timmons wrote.
