According to ChainCatcher, Republican members of the Financial Services Committee led by U.S. Congressman John Rose wrote to SEC Chairman Gary Gensler and FINRA President Robert Cook, expressing concern about their silence on Prometheum’s Ethereum custody service.
The letter states 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, which has led to market confusion and uncertainty.
John Rose said that participants in the digital asset field need regulatory certainty, but have only received confusion under Gary Gensler's leadership, and hopes that he will provide guidance before he leaves office.
