Consensys CEO Joe Lubin explains why the firm is taking legal action against the SEC, discusses Ethereum’s roadmap and the importance of Vitalik Buterin's continued involvement.
The Ethereum co-founder believes the financial and operational costs incurred by the cryptocurrency ecosystem due to the SEC’s “regulate by enforcement” policies are hard to quantify. The Consensys CEO said the SEC had been “carpet bombing” the entire ecosystem with enforcement actions, forcing companies to search for and produce “an enormous amount” of documents to appease the U.S. securities regulator.
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SEC doesn’t want Ethereum to transform banking landscape, says Joseph LubinJoseph Lubin, Ethereum's co-founder, criticizes the SEC's regulatory stance, highlighting the threat to financial innovation.
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