Ethereum Co-founder: The U.S. SEC deliberately hinders innovation, and encryption technology threatens the existing financial landscape in the United

According to a report by Cointelegraph, Ethereum co-founder Joseph Lubin stated at the FT Cryptocurrency and Digital Assets Summit that the US Securities and Exchange Commission (SEC) is intentionally hindering innovation, which threatens the existing financial framework in the US. Joseph Lubin said that the SEC seems to have reclassified Ethereum as a security, and they are taking a series of strategic enforcement actions instead of public discussion and clear rule-making. "I think they are worried that so much attention and capital will flow into our ecosystem because our ecosystem is making tremendous progress in scalability and usability."