Congressman John Rose
@RepJohnRose
Players in the digital assets space deserve certainty from their regulators. Yet under Chair Gensler they’ve only received chaos and confusion.
I hope while @SECGov Chair @GaryGensler is cleaning out his office, he can heed our concerns about Prometheum seriously and maybe deliver some real guidance on his way out the door.
Eleanor Terrett
@EleanorTerrett
SCOOP: @FoxBusiness has learned that some Republican members of the @FinancialCmte led by @RepJohnRose sent a letter today to @SECGov Chair @GaryGensler and @FINRA President/CEO Robert Cook expressing concern over their continued silence regarding @PrometheumInc’s May launch of custody services for Ethereum as a so-called “crypto asset security.”
The letter states that the agencies’ silence on the matter signals they are “complicit” in creating market confusion and uncertainty given that the SEC has already acknowledged that $ETH is not a security and the term “crypto asset security” does not apply to the token itself, but rather the manner in which it is sold.
“Players in the digital assets space deserve certainty from their regulators,” Rose writes. “Yet under Chair Gensler they’ve only received chaos and confusion. I hope while Chair Gensler is cleaning out his office, he can heed our concerns seriously and maybe deliver some real guidance on his way out the door.”
Co-signers of are @RepFrenchHill, @USRepMikeFlood, @RepDustyJohnson and @RepTimmons.
Last year, @CGasparino wrote in the @nypost that the SEC’s regulations on #crypto are an “uneven mess,” citing Prometheum as a company that “appeared to have slipped through some very large SEC cracks to become a thing.”
Read the full letter here 
2024-11-15T23:15:07.000Z
2024-11-15T23:22:45.000Z
Require digital asset developers to provide accurate and critical disclosures to consumers
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