Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why

　　crypto Ethereum

　　Crypto Billionaire Joseph Lubin Says SEC‘s Anti-Crypto Agenda To Have ’Chilling Effect‘ on Ethereum Users – Here’s Why

　　Ethereum co-founder Joseph Lubin is issuing a warning about the U.S. Securities and Exchange Commission (SEC), saying the regulators current policies on crypto will have a lasting effect on the industry.

　　In a new interview with Wired, Lubin says that if ETH is declared a security by the SEC, people in the US won‘t be able to buy it, and developers won’t be able to develop Ethereum or build any more applications on top of the protocol.

　　Earlier this year, SEC Chair Gary Gensler refused to confirm whether or not he sees ETH as a security.

　　Says Lubin,

　　Lubin is the CEO of Consensys, the creators of MetaMask, the worlds most popular crypto wallet, which recently received a Wells Notice from the SEC, which the regulator issues when it wants to warn of a coming enforcement action.

　　Consensys soon responded with a lawsuit against the SEC, which Lubin, whose worth was estimated to be between $1 billion and $5 billion in 2018 by Forbes, says aims to prevent the regulator from reclassifying ETH as a security.