Why Is US SEC Allowing Ethereum Custody To Prometheum? GOP Asks Gary Gensler

Several Republican lawmakers from the House of Financial Services Committee are questioning the US SEC’s silence over the functioning of Prometheum’s Ethereum custody services while labeling ETH as a “crypto asset security”. In a recent move, representative John Rose wrote a letter to SEC Chair Gary Gensler and FINRA President Robert Cook, slamming the securities regulator over the lack of clarity surrounding this classification.

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