According to Techub News, Fox Business reporter Eleanor Terrett wrote that some Republican members of the Financial Services Committee, led by U.S. Congressman John Rose, wrote to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, and Robert Cook, President and CEO of the U.S. Financial Industry Regulatory Authority (FINRA), expressing their concerns about their continued silence on the Ethereum custody service launched by Prometheum Inc in May this year. The relevant regulatory authorities believe that the Ethereum custody service is a so-called "crypto asset security."
The letter states that the silence of these agencies on the matter shows that given that the SEC has acknowledged that ETH is not a security, and the term "crypto-asset security" does not apply to the token itself, but the way the token is sold, it has created market confusion and uncertainty. John Rose said in the letter: "Participants in the digital asset space deserve certainty from regulators, but under Gary Gensler's leadership, they have only received chaos and confusion. I hope that Chairman Gary Gensler will listen to our concerns while cleaning up his office and provide some real guidance before leaving office."
