Ethereum co-founder Joseph Lubin praises Texas' leadership in supporting blockchain innovation

Ethereum co-founder Joseph Lubin has criticised the Securities Exchange Commission (SEC) for reclassifying Ethereum from a commodity to a security without legal authority. Mr. Lubin emphasised that this disregarded previous regulatory consensus and could have a significant impact on Ethereum-based software development. He praised Texas for its leadership in supporting blockchain innovation and called for support for its efforts to combat federal regulatory overreach.