Ethereum co-founder Joseph Lubin: The US SEC does not want ETH to change the banking landscape

Ethereum co-founder Joseph Lubin believes that the U.S. Securities and Exchange Commission (SEC) deliberately hinders innovation, which threatens the existing financial landscape in the United States. He said: "The SEC seems to have reclassified ETH as a security without telling anyone that this is indeed the case. They are taking a series of strategic enforcement actions instead of open discussion and clear rulemaking. The SEC may not want to see a wave of innovation that truly changes the landscape." (Cointelgraph)