Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys, reported that the SEC has quietly classified Ethereum (ETH) as a security without public disclosure. This allegation comes amidst a series of strategic enforcement actions by the SEC. Lubin criticized the SEC's approach, suggesting it creates unnecessary fear, uncertainty, and doubt within the cryptocurrency industry. He also mentioned ConsenSys's lawsuit against the SEC for power overreach and its efforts to clarify ETH's legal status as a security or commodity.

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