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Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’

The main supporter of the Ethereum network has been in an ongoing battle with the Securities and Exchange Commission who most recently alleged the company of operating as an unregistered broker.

Joe Lubin, Founder and CEO of Consensys, speaks at Consensus 2024 by CoinDesk. (Shutterstock/CoinDesk/Suzanne Cordiero)
Joe Lubin, Founder and CEO of Consensys, speaks at Consensus 2024 by CoinDesk. (Shutterstock/CoinDesk/Suzanne Cordiero)