Golden Finance reported that Consensys founder Joe Lubin said at an Ethereum community conference in Brussels on Wednesday that U.S. regulators had "neglected their duties" and that certain senators and bank lobbying groups were able to "opportunistically" intervene and guide the SEC's crypto policy. Lubin also said that he and other participants were forced to deal with unclear legislation. He said: "For many years, we have become accustomed to operating under the cloud of regulatory uncertainty." Despite this, Lubin said he believed that regulators were making "real progress", partly because of the upcoming U.S. election, and lawmakers are now looking for new ways to win votes and raise money for the campaign.