Overview

Click to expand overview
Influential House Republicans are demanding answers from Gensler on how ETH could legally be treated as a security by Prometheum. A total of 48 members of Congress The SEC under Acting Chair Mark Uyeda is reconsidering former Chair Gary Gensler's strict crypto custody rule as part of a broader shift toward more industry-friendly Two Republicans, Patrick McHenry and Bill Huizenga, have expressed their concern with the the SEC in their latest public letter. Crypto One of those proposals, issued in February 2025, would amend the agency’s existing custody rule and expand the scope of assets subject to custodial oversight Two Republican lawmakers have written to the SEC Chair Gensler, questioning two of the regulator's proposed changes. The leaders seek reconsideration of 24 de sept. de 2025 In addition to questioning Gensler, Republican Members of Congress also looked to the two pro-crypto Republican SEC Commissioners, Hester Peirce and Mark Uyeda Gensler has at various points described the crypto industry “rife with fraud and scams and hucksters” and explained that the distinction between security and commodity

Republicans Urge SEC Chair Gensler to Re-Propose Two Crypto Rules: What\'s at Stake?

Influential House Republicans are intensifying pressure on SEC Chair Gary Gensler, demanding a re-evaluation of two key proposed crypto rules. This move signals a growing divide between the SEC\'s current regulatory approach and the concerns of Republican lawmakers regarding the future of digital assets.

What Crypto Rules Are Republicans Targeting?

Two Republican lawmakers have written to SEC Chair Gensler, questioning two of the regulator\'s proposed changes. Two Republicans, Patrick McHenry and Bill Huizenga, have expressed their concern with the SEC in their latest public letter. The leaders seek reconsideration of proposals, including One of those proposals, issued in February 2025, would amend the agency’s existing custody rule and expand the scope of assets subject to custodial oversight. The SEC under Acting Chair Mark Uyeda is reconsidering former Chair Gary Gensler\'s strict crypto custody rule as part of a broader shift toward more industry-friendly regulations. This potential shift could significantly impact how crypto assets are handled and secured.

ETH as a Security: Prometheum and Republican Concerns

A key point of contention revolves around the classification of Ethereum (ETH). Influential House Republicans are demanding answers from Gensler on how ETH could legally be treated as a security by Prometheum. A total of 48 members of Congress are closely monitoring this situation, highlighting the significance of ETH\'s regulatory status for the broader crypto market. The question remains: Is ETH a security or a commodity?

Gensler\'s Stance on Crypto: "Rife with Fraud?"

Gensler has at various points described the crypto industry “rife with fraud and scams and hucksters” and explained that the distinction between security and commodity is crucial for regulatory oversight. This perspective contrasts sharply with the views of many Republicans who believe stricter regulations could stifle innovation and drive crypto businesses offshore.

Republican Commissioners Weigh In

In addition to questioning Gensler, Republican Members of Congress also looked to the two pro-crypto Republican SEC Commissioners, Hester Peirce and Mark Uyeda, for their insights and perspectives on potential regulatory adjustments. Their views are seen as crucial in shaping a more balanced approach to crypto regulation. 24 de sept. de 2025

The ongoing debate surrounding these two crypto rules underscores the significant political and regulatory challenges facing the digital asset industry. The outcome of this debate could have far-reaching consequences for the future of crypto in the United States.

Top Sources

Related Articles