Consensys, a prominent entity backing Ethereum, has made decisive cuts to its workforce, letting go of 20% of its staff. This move highlights the growing tensions in the cryptocurrency space, particularly as it faces regulatory hurdles.
The conflict with the United States Securities and Exchange Commission (SEC) is central, with Consensys leveling accusations of "abuso di potere" or abuse of power against the regulatory body.
These developments underscore the challenges faced by crypto companies when navigating regulatory frameworks that they might perceive as restrictive or overreaching.
The outcome of this standoff might have lasting implications on how crypto businesses operate within the ambit of U.S. financial regulations.
Источник: en.cryptonomist.ch ↗