U.S. House of Representatives confronts SEC chairman: the latter refuses to clearly respond to whether ETH is a commodity or a security

At the U.S. House of Representatives Digital Assets Panel’s oversight hearing on the regulation of digital assets by the U.S. Securities and Exchange Commission (SEC), Patrick McHenry, Chairman of the House Financial Services Committee, repeatedly asked SEC Chairman Gary Gensler whether ETH was a commodity or a security. , Gary Gensler has repeatedly refused to answer definitively. Patrick McHenry argues that Gary Gensler's climate disclosure rules, to its enforcement of digital asset regulation, have crippled capital markets and stifled innovation.