GOP Pressures SEC Over Prometheum's Crypto Custody and ETH ETF Delay

House Republicans are pressing SEC Chair Gary Gensler for clarification on the legal treatment of Ethereum (ETH) as a security by Prometheum, a crypto platform planning to offer custodial services for ETH. The lawmakers argue that ETH is not a security and express concerns about the potential impact on the crypto industry. The SEC's stance on ETH's classification remains unclear, and the situation reflects the ongoing regulatory uncertainty surrounding cryptocurrencies in the U.S.