Gary Gensler’s inability to answer if ETH is a commodity or security, video
1 min read
The House Committee Chairman McHenry got the chance to grill Gensler about ETH and whether it was a commodity or security. Needless to say it did not go well for Gary. Not only did he not give any straight yes or no answers but he tried to filibuster his way out of the question.
The House Committee Chair repeatedly asked particularly about ETH given the 50 enforcement actions, to which Gensler tried to give a generic response: “it depends on the facts of the law.”
Best part:
McHenry – I’m asking you sitting in your chair right now to make an assessment under the laws that exist is Ether a commodity or security. I’m asking you a specific question: is Ether a commodity or security
Gensler : You don’t want me to pre judge…
McHenry (cuts Gensler off): But you have pre judge on this, you’ve taken wells notices out on numerous company’s, 50 enforcement actions, we’re finding out as we go as you file suit. I’m asking your view on the 2nd largest cryptocurrency. What is your view?
Gensler: in my view is, if there is a group of individuals … (more trying to filibuster)
McHenry: Cuts him off (disgusted by his inability to answer)
Links:
submitted by /u/cannainform2
[link] [comments]
