Consensys to Challenge SEC's Enforcement Against Ethereum Ecosystem

Ethereum co-founder Joe Lubin has announced that Consensys is ready to spend millions to challenge the SEC’s enforcement campaign against the Ethereum ecosystem. Lubin discussed the SEC’s impact on the crypto ecosystem, the costs incurred, and the legal action against the SEC’s classification of Ether as a security. He also touched on Ethereum’s scalability, the importance of modularization, and future goals for the network, including an ‘intents-based architecture’. Additionally, Lubin commented on staking, the Solana ecosystem, Bitcoin’s influence, and Vitalik Buterin’s ongoing contributions to Ethereum.