Consensys to Pursue Additional Lawsuits against SEC for Enhanced Legal Clarity

Fox Business Network reporter Eleanor Terrett reached out to Joseph Lubin, the founder of ConsenSys, to get his perspective on the SEC’s decision to drop the investigation into Ethereum, as well as what this means for their lawsuit against the SEC. Lubin informed her that the company still plans to pursue the investigation further, stating, “The SEC’s decision to end its 14-month investigation into Ethereum is a welcome development – it was necessary, but not sufficient. There needs to be a better approach to regulating the market than raiding. We hope that some U.S. regulatory agencies will begin to soften their hostility towards cryptocurrencies. Until that goal is achieved, we will continue with our lawsuit against the SEC in Texas because we are determined to fight for more legal clarity for everyone.”