Ethereum

During a Congressional hearing titled 'Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets,' lawmakers from both parties expressed frustration with the SEC's approach to digital assets. The hearing discussed the regulatory challenges faced by crypto market participants and the need for clearer guidelines. Key witnesses included Robinhood's Chief Legal Officer Dan Gallagher and Bitwise Asset Management President Teddy Fusaro. A significant point of contention was the SEC's creation of the term 'crypto asset securities,' which Rep. Ritchie Torres criticized as being invented 'out of thin air.' The hearing also highlighted ongoing disputes over digital asset regulations and the SEC's enforcement actions, including a notable case involving Ripple.