CoinVoice has recently learned that according to a post by Fox Business reporter Eleanor Terrett on the X platform, some Republican members of the Financial Services Committee, led by U.S. Congressman John Rose, wrote to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, and Robert Cook, President and CEO of the U.S. Financial Industry Regulatory Authority (FINRA), expressing their concerns about their continued silence on the Ethereum custody service launched by Prometheum Inc in May this year. The relevant regulators believe that the relevant services are so-called "crypto asset securities."
The letter states that the agencies’ silence on the matter suggests that it creates market confusion and uncertainty, given that the SEC has acknowledged that ETH is not a security and that the term “crypto-asset security” does not apply to the tokens themselves, but rather to the way they are sold.
John Rose pointed out in the letter: “Participants in the digital asset space deserve certainty from regulators, but under Gary Gensler’s leadership, they have only received chaos and confusion. I hope that Chairman Gary Gensler will listen carefully to our concerns while cleaning up his office and provide some real guidance before leaving office.” [Original link]
