China busts $295 million underground crypto-based currency exchange

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Joe Lubin, co-founder of Ethereum, has voiced concerns over the US Securities and Exchange Commission’s (SEC) approach toward the crypto industry, suggesting it aims to foster fear, uncertainty, and doubt (FUD). At the Financial Times Crypto and Digital Assets Summit, Lubin criticized the SEC’s reclassification of Ethereum as a security without clear communication and mentioned Consensys’s legal action for clarity on Ethereum’s status. He also highlighted the SEC’s stringent scrutiny on crypto firms and products, including the agency’s unfavorable stance on spot Ethereum ETFs, while maintaining an optimistic outlook on future ETF approvals.



This article was originally published by a cryptobriefing.com

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