The American Congress member Timmons presses SEC to reveal hidden ETHEREUM documents!
The debate about whether Ethereum (ETH) is a guarantee again, and this time, the American legislator enters. American actor William Timonz of South Carolina urges the Securities and Stock Exchange Committee (SEC) to release the internal documents that explain her changing position in the legal status of ETHEREUM over the years.
Request for internal documents ethereum
He has Message to the President of SEC Paul AtkinsTimonz expressed concern about what he described as “zigzag” behavior in the Supreme Education Council when it comes to ETH. He pointed out that the participants in the public market and the encryption market deserve transparency, especially after years of mixed signals from the agency.
To reach the below, Timmons has requested the main internal documents from the SEC. These include:
- Email messages discussing ethereum and whether they are eligible as security
- Records on the ETH 2.0 investigation
- Files entitled “ETH – Security or not” and similar topics
These documents were previously determined in a lawsuit that includes Coinbase but not publicly shared.
2018 promise, 2025 confusion
Once again in 2018, Corporate Finance Director, William Heinmann, He mentioned that the ether and the bitcoin You will not be treated as securities. This made people in the encryption community feel more safe.
However, under President Gary Ginsner and Biden Administration, the rules seem less clear, as they refused to provide more clarity about their security situation.
Meanwhile, Timon’s indicated that this confusion is bad for companies and ordinary people interested in encryption. He said: “The American people and the transparent encryption community deserved, as Congress moves forward with the law of clarity.”
Why does it matter?
The issuance of these records will help Congress, the encryption industry, and the public to better understand how the ETHEREUM Supreme Education Council changes. It is also believed that this will shed light on what he calls the “secret regulations” of enforcement by the Supreme Education Council by enforcement – which slowed innovation and confusing investments.