Gensler under Fire : Trump to Bring Pro-crypto SEC & CFTC Leaders

Quick Summary:

A recent letter from Republican lawmakers to SEC Chair Gary Gensler and FINRA CEO Robert Cook raises questions about Prometheum Capital’s custody services for ETH.The twist?

While the SEC previously suggested that ETH isn’t a security, Prometheum has classified it as one, causing a storm of confusion.

Such a shift could mean clearer rules for projects like Ethereum, but it would require significant funding and political will to happen.

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Article Details

Author / Journalist: Vijay Gir

Category: Crypto

Markets: United States

Topics: Crypto news News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 03:04:37 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23608197

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News Last Updated: 8 hours ago

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