US House Financial Services Committee Chairman Patrick McHen

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US House Financial Services Committee Chairman Patrick McHenry attacks Gensler over ETH. In his tweet, McHenry said that the designation of#ETHas a security contradicts previous statements by the SEC and the head of the agency, Gary Gensler: New court filings indicate that the SEC and Chairman Gary Gensler knowingly misled Congress when he refused to answer a question about ETH's classification at a committee oversight hearing of his agency." McHenry said this was likely a deliberate attempt to misrepresent the SEC's position on Ethereum. And he added that “Republicans will continue to try to hold the SEC and Gary Gensler accountable for over-regulating the crypto industry, which is stifling innovation in the US, putting national security at risk.” Let us recall, as it became known yesterday from#FOXBusiness, the SEC began an official investigation into ETH more than a year ago, classifying the asset as a security. The SEC approved its investigation into ETH on April 13, 2023, just five days before Gensler testified before the House Financial Services Committee on whether the SEC considered it a security or a commodity. $ETH

US House Financial Services Committee Chairman Patrick McHenry attacks Gensler over ETH.
In his tweet, McHenry said that the designation of#ETHas a security contradicts previous statements by the SEC and the head of the agency, Gary Gensler:
New court filings indicate that the SEC and Chairman Gary Gensler knowingly misled Congress when he refused to answer a question about ETH's classification at a committee oversight hearing of his agency."
McHenry said this was likely a deliberate attempt to misrepresent the SEC's position on Ethereum. And he added that “Republicans will continue to try to hold the SEC and Gary Gensler accountable for over-regulating the crypto industry, which is stifling innovation in the US, putting national security at risk.”
Let us recall, as it became known yesterday from#FOXBusiness, the SEC began an official investigation into ETH more than a year ago, classifying the asset as a security. The SEC approved its investigation into ETH on April 13, 2023, just five days before Gensler testified before the House Financial Services Committee on whether the SEC considered it a security or a commodity. 
$ETH 