SEC Chair Gensler Refuses to Say if Ether Is a Security During House Hearing

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler refused to say whether ether (ETH), the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday before the House Financial Services Committee. Howard Fischer, Moses Singer partner and former SEC senior trial counsel, along with Joshua Ashley Klayman, Linklaters U.S. head of fintech and head of blockchain and digital assets, discuss their takeaways from the hearing.