- The congressional hearing has ignited hopes for Ripple in the ongoing SEC lawsuit.
- Gary Gensler has stumbled in his response to many questions on cryptocurrency classification.
- Conflicting views and lack of clarity have been highlighted in regulatory institutions during the hearing.
During the hearing on SEC oversight, Gary Gensler stumbled when Patrick McHenry, Chairman of the US House Financial Services Committee, asked whether Ethereum (ETH) should be considered a security or a commodity.
McHenry seized the opportunity for a "gotcha" moment by mentioning XRP, further intensifying the debate...