According to Odaily Planet Daily, 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 that the SEC appears 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 discussions and clear rulemaking. Lubin believes that the SEC may not want to see a wave of innovation that truly changes the landscape.