"Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC's abuse of power and Congress's inability to rectify the problem," wrote Lubin.
"Such attacks from the US government will end up costing many companies...many millions of dollars," Lubin stated, highlighting the financial impact of regulatory challenges on firms like Consensys.
Lubin's comments echo a widely held sentiment in the crypto industry that the Securities and Exchange Commission has operated in bad faith when it comes to setting out a clear regulatory pathway for digital asset companies.
Consensys launched in 2014, focused on incubation for blockchain projects. Today, it faces significant hurdles due to ongoing legal disputes and regulatory uncertainty in the crypto space.
Collection
[
|
...
]