SEC Chair Gensler's Silence on Ether's Security Status Raises Questions.

During a congressional hearing, SEC Chair Gary Gensler refused to answer a direct question about whether ether is a security or a commodity. Congressman Patrick McHenry argued that the SEC’s regulatory actions say “there’s a great deal of uncertainty.” Gensler insisted that the law is clear on crypto, but McHenry pointed out that the SEC chief has already spoken about one token, bitcoin, and he is now being asked to speak about ethereum. Many people have complained about the SEC, under Gensler, taking an enforcement-centric approach to regulating the crypto sector.