Recent developments have revealed that SEC Chair Gary Gensler previously classified Ethereum (ETH) as a security for at least a year, according to new court filings reported by Fox Business. This classification contradicts the SEC's approval of Ethereum Futures ETF in October 2023 and the existence of CME ETH futures, raising questions about the consistency of the SEC's stance on cryptocurrencies. Additionally, there were earlier statements by Gensler suggesting that ETH and Bitcoin were not securities, further complicating the SEC's position. There are calls for Gensler to testify under oath regarding these inconsistencies.