-
Congressman William Timmons demands SEC open inner Ethereum paperwork to make clear changing excellent stance.
-
Timmons’ letter asks SEC for emails and data discussing Ethereum’s classification as a security.
-
In the intervening time, in 2018 SEC speech acknowledged Ethereum is now no longer a security, now conflicting with unclear 2025 guidelines.
-
SEC’s unclear region on Ethereum causes confusion for companies and crypto fans available within the market.
The debate over whether Ethereum (ETH) is a security is heating up again, and this time, a U.S. lawmaker is stepping in. U.S Consultant William Timmons from South Carolina is urging the Securities and Swap Fee (SEC) to open inner paperwork explaining its changing stance on Ethereum’s excellent region over time.
Inquiring for Ethereum Interior Paperwork
In his letter to SEC Chair Paul Atkins, Timmons expressed challenge over what he described because the SEC’s “zigzagging” behavior by task of ETH. He eminent that the public and crypto market contributors deserve transparency, seriously after years of combined signals from the company.
To solve it, Timmons has requested key inner paperwork from the SEC. These contain:
- Emails discussing Ethereum and whether it qualifies as a security
- Files about the ETH 2.0 investigation
- Files titled “ETH – Security or Now not” and identical topics
These paperwork agree with been beforehand identified in a lawsuit entertaining Coinbase but had now no longer been shared publicly.
2018 Promise, 2025 Confusion
Abet in 2018, the SEC’s Director of Corporate Finance, William Hinman, acknowledged that Ether and Bitcoin would now no longer be handled as securities. This made of us within the crypto neighborhood feel more stable.
But, beneath Chair Gary Gensler and the Biden administration, the guidelines seem less sure, as they refused to offer more readability on their security region.
In the intervening time, Timmons identified that this confusion is inferior for companies and for traditional of us which might be drawn to crypto. He acknowledged, “The American of us and the crypto neighborhood deserve transparency as Congress strikes ahead with the CLARITY Act.”
I just despatched a letter to SEC Chair Atkins soliciting for paperwork on the SEC’s inconsistent medicine of ETH beneath Chair Gensler and the Biden administration. The American of us—and the crypto neighborhood—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 abet Congress, the crypto trade, and the public greater impress how the SEC’s peek on Ethereum has modified. He also believes this can make clear what he calls the SEC’s secretive “law by enforcement” scheme — one who has slowed innovation and perplexed merchants.
