The Financial Services Committee of the U.S. House of Representatives issued a statement saying that the SEC's claims about the security of Ethereum (ETH) contradict the statement of the agency's chairman, Gary Gensler.

The U.S. Banking Commission said in a statement that it will continue to hold the SEC accountable for its overregulation in the digital asset market, and that questions about the agency's classification of Ethereum are critical in the process of applying for issuance first U.S. Spot Ethereum ETF.