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Ethereum’s Cofounder Says SEC Is ‘Gaslighting’ Everyone About Crypto
Joe Lubin cofounded Ethereum. Now his company is suing the Securities and Exchange Commission, and he says the future of the internet is at stake.
Later that year, Lubin founded Consensys, with the loose ambition to support the development and adoption of Ethereum and built software products on top of the network. The complaint accuses the regulator of an “unlawful seizure of authority over ETH,” which “bears none of the attributes of a security”—the specific type of financial instrument over which the SEC has dominion. If the US has its way, it might use its long arm of the law to reach into different countries around the world and create pressure to reduce access to decentralized protocols and financial disintermediation.
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