US SEC’s “Abuse Of Power” Cited as Consensys Cuts Work Force By 20%

Quick Summary:

Consensys, the Ethereum-focused blockchain technology firm and creator of the MetaMask wallet, has announced a 20% reduction of its workforce, impacting approximately 162 employees.

Founder and CEO Joseph Lubin attributes these layoffs to both the broader macroeconomic challenges and regulatory pressures from the U.S.

Securities and Exchange Commission (SEC).

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News ConsenSys US SEC Regulation News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 15:56:14 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23328816

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 15 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #59

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