U.S. House of Representatives: the U.S. SEC makes contradictory claims about ETH security

The U.S. Financial Services Commission has released a statement saying that the SEC's representations regarding the safety of ethereum (ETH) contradict statements made by the agency's chairman, Gary Gensler. In the statement, the FSC said they will continue to hold the SEC accountable for regulatory overreach in the digital asset market, and that questions about the agency's classification of Ether are now critical in the application process to issue the first spot-traded Ether ETF in the United States.