Ethereum attempts recovery from dip amid unchanged interest rates and accusations leveled at SEC Chair

Institutional whales appear to be dumping Ethereum after recent dip. Fed’s decision to leave rates unchanged appears to have helped ETH's price recover slightly. SEC Chair Gensler has misled Congress, considering recent revelations from Consensys suit, says Congressman McHenry. Ethereum saw another day of decline on Wednesday as its price dipped outside of a key range.

#ICYMI: New court filings indicate that @SECGov Chair Gary Gensler knowingly misled Congress when pressed on the classification of #ETH at a @FinancialCmte hearing to conduct oversight of his agency. Read my full statement pic.twitter.com/8osMpbY6Iu — Patrick McHenry April 30, 2024 However, according to the SEC's investigation manual, an investigation is part of the process to determine whether there has been a breach of federal securities law.

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