- Mr. Huber condemns ConsenSys CEO Joseph Lubin, addressing him as a “corrupt, fraudulent hypocrite.”
- In a previous comment, Lubin supported SEC’s regulatory notions.
- Recently, Lubin shared his positive outlook on Ripple’s potential victory over the SEC.
Mr. Huber, a prominent figure on X (formerly Twitter), has condemned ConsenSys CEO Joseph Lubin, addressing him as a “corrupt, fraudulent hypocrite”. The censure arose from Lubin’s recent positive comments on Ripple’s potential victory in the SEC lawsuit, which contradict his previous positive outlook on regulators.
In a recent video, Lubin shared his beliefs on Ripple’s legal victory against the SEC, hoping to bring a conclusion to the regulatory uncertainties in the United States. His words reflected his sanguine perspectives on the emerging blockchain and Web3 technologies, as he asserted:
I anticipate that, as with previous technologies like the internet, the web and cryptography, clear heads will prevail… America will see that decentralized protocols, blockchain and cryptocurrency are aligned with the philosophies of the U.S. And I think much of the rest of the world will follow suit.
However, Mr. Huber criticized the ConsenSys CEO for his conflicting comments, reflecting on an interview in 2021 when Lubin supported the SEC, justifying SEC Chair Gary Gensler’s demand for greater authority in the crypto regulatory sector. Lubin argued that the SEC might have “legit arguments in the cases,” including the Ripple case, adding, “I don’t believe the SEC is trying to squelch innovation”.
Mr. Huber’s post on X lambasted Lubin’s double stance, alleging that the latter’s present ecstasy for Ripple’s success is just because the company has paid ConsenSys’ legal bill. The critique also unveiled the alleged dishonesty in Lubin’s praise for the blockchain industry.
Reportedly, Lubin, who sided with Gensler two years before, challenged him at present, arguing that the SEC couldn’t label tokens as securities without demonstrating it. The two comments delivered by the ConsenSys CEO at two distinct times are apparently contradictory, according to the critic.
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