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Congressman William Timmons calls for SEC launch inner Ethereum paperwork to make clear altering authorized stance.
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Timmons’ letter asks SEC for emails and data discussing Ethereum’s classification as a safety.
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In the meantime, in 2018 SEC speech mentioned Ethereum will not be a safety, now conflicting with unclear 2025 guidelines.
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SEC’s unclear place on Ethereum causes confusion for companies and crypto lovers available in the market.
The controversy over whether or not Ethereum (ETH) is a safety is heating up once more, and this time, a U.S. lawmaker is stepping in. U.S Consultant William Timmons from South Carolina is urging the Securities and Trade Fee (SEC) to launch inner paperwork explaining its altering stance on Ethereum’s authorized standing over time.
Asking for Ethereum Inside Paperwork
In his letter to SEC Chair Paul Atkins, Timmons expressed concern over what he described because the SEC’s “zigzagging” conduct in the case of ETH. He famous that the general public and crypto market contributors deserve transparency, particularly after years of blended indicators from the company.
To resolve it, Timmons has requested key inner paperwork from the SEC. These embrace:
- Emails discussing Ethereum and whether or not it qualifies as a safety
- Data concerning the ETH 2.0 investigation
- Recordsdata titled “ETH – Safety or Not” and comparable topics
These paperwork have been beforehand recognized in a lawsuit involving Coinbase however had not been shared publicly.
2018 Promise, 2025 Confusion
Again in 2018, the SEC’s Director of Company Finance, William Hinman, acknowledged that Ether and Bitcoin wouldn’t be handled as securities. This made folks within the crypto group really feel safer.
However, below Chair Gary Gensler and the Biden administration, the foundations appear much less clear, as they refused to supply extra readability on their safety standing.
In the meantime, Timmons identified that this confusion is dangerous for companies and for normal people who find themselves inquisitive about crypto. He mentioned, “The American folks and the crypto group deserve transparency as Congress strikes ahead with the CLARITY Act.”
I simply despatched a letter to SEC Chair Atkins requesting paperwork on the SEC’s inconsistent remedy of ETH below Chair Gensler and the Biden administration. The American folks—and the crypto group—deserve transparency as Congress strikes ahead with the CLARITY Act.
🔗:… pic.twitter.com/CmdCcuU3xc
— Congressman William Timmons (@RepTimmons) June 10, 2025
Why It Issues?
Timmons says releasing these data will assist Congress, the crypto business, and the general public higher perceive how the SEC’s view on Ethereum has modified. He additionally believes it will make clear what he calls the SEC’s secretive “regulation by enforcement” technique — one which has slowed innovation and confused buyers.
