Rep. Patrick McHenry (R-N.C.) and Rep. Glenn “GT” Thompson (R-Penn.), the chairmen of the two committees, and the other Republican lawmakers – many of whom have been staunch supporters of the crypto industry – argued in Tuesday’s letter that ETH is not a security, making the asset illegal to handle by a securities firm like Prometheum.

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• Source: https://www.coindesk.com/policy/2024/03/26/house-republicans-demand-sec-explain-whats-up-with-crypto-platform-prometheum/?utm_medium=referral&utm_source=rss&utm_campaign=headlines