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The SEC does not want ETH to change the banking landscape

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2024-05-09 14:29:55
Joseph Lubin, co-founder of Ethereum, believes that the Securities Exchange Commission (SEC) deliberately hinders innovation, which threatens the existing financial landscape in the United States. He said: "The Securities Exchange Commission appears to have reclassified ETH as a security, but has not told anyone that it is the case. Instead of public discussion and clear rulemaking, they are taking a series of strategic enforcement actions. The Securities Exchange Commission may not want to see a real game-changing wave of innovation."
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