Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), refused to state whether ether, the second-largest cryptocurrency by market cap, is a security during a hearing before the House Financial Services Committee. Gensler's appearance was his first in over a year and he fended off questions about proposed rules, public feedback, and how the SEC was approaching crypto companies hoping to operate in the US. He refused to say whether ether was a security, stating that it depended on the facts and the law. The lack of a definitive answer was seen as a positive sign for the industry by some.

(By Nikhilesh De)