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Consensys
@consensys
Today, Consensys filed a lawsuit against the SEC. The goal behind this is to ensure that Ethereum remains a vibrant and indispensable blockchain platform and to preserve access for the thousands of developers, market participants, and institutions who have a stake in the world’s second largest blockchain.
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Consensys
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We took this step for two very basic reasons: (1) the SEC should not be allowed to arbitrarily expand its jurisdiction to include regulating the future of the internet by wrongly labeling ETH a security;
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Consensys
@consensys
and (2) the SEC’s reckless approach is bringing chaos to developers, market participants, institutions, and nations who are building or already managing critical systems running on Ethereum.
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