Joe Lubin provides exclusive insights into the SEC dispute, the future plans for Ethereum, and the role of Vitalik Buterin.

Consensys, led by Ethereum co-founder Joe Lubin, is prepared to invest millions of dollars to challenge the Securities and Exchange Commission’s (SEC) enforcement campaign against the Ethereum ecosystem in the US. Lubin discussed this decision on the Decentralize with Cointelegraph podcast, emphasizing the difficulty of quantifying the financial and operational costs incurred by the crypto industry due to the SEC’s enforcement policies. He expressed concern over the SEC’s actions, stating that small startups in the cryptocurrency space are being hindered in their ability to raise funds. Consensys plans to pay significant legal fees to challenge the SEC’s classification of Ether (ETH) as a security. Lubin criticized the SEC for punishing the entire ecosystem without openly declaring Ether as a security. Additionally, Lubin discussed Ethereum’s roadmap, scalability, and the importance of modularization. He emphasized the need for diverse solutions to converge Ethereum’s infrastructure and enable seamless communication and transactions. Lubin also touched on staking, Solana’s ecosystem, Bitcoin’s influence on his journey in crypto, and Vitalik Buterin’s role in Ethereum’s development.