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Consensys Founder: Still planning to proceed with lawsuit against the U.S. SEC, striving for more legal clarity

Consensys Founder: Still planning to proceed with lawsuit against the U.S. SEC, striving for more legal clarity

Bitget2024/06/20 01:00

According to Forbes business reporter Eleanor Terrett, she contacted Consensys founder Joseph Lubin to ask his opinion on the U.S. SEC's termination of its investigation into ETH and what this means for their lawsuit against the agency. Lubin stated that the company still plans to continue with the lawsuit: The Securities and Exchange Commission's decision to end a 14-month investigation into Ethereum is a welcome development—it’s necessary but not enough. There must be better ways of market regulation than surprise raids. We hope that some U.S regulatory agencies will start reducing their confrontational attitude towards cryptocurrencies, and national investor protection strategies will evolve from current guerrilla tactics. Until then, we will continue our lawsuit against the Securities and Exchange Commission in Texas because we are committed to fighting for more legal clarity for everyone.

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