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TechFlow reports that U.S. lawmakers, including House Financial Services Committee Chair Patrick McHenry and Vice Chair French Hill, urged the SEC to address the case of cryptocurrency firm Prometheum offering institutional custody services for Ethereum.
The lawmakers stated that this announcement is inconsistent with the Commodity Futures Trading Commission (CFTC)'s position recognizing ETH as a "non-security digital asset" within its jurisdiction.
U.S. lawmakers, including House Financial Services Committee Chairman Patrick McHenry and Vice Chairman French Hill, urged the SEC to address the matter of cryptocurrency firm Prometheum offering institutional custody services for Ethereum. The lawmakers stated that this announcement is inconsistent with the Commodity Futures Trading Commission's (CFTC) position recognizing ETH as a "non-security digital asset" within its jurisdiction.
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