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

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). MetaMask Creator Consensys Reduces Staff, Citing The post US SEC’s “Abuse Of Power” Cited as Consensys Cuts Work Force By 20% appeared first on CoinGape .

Source: CoinGape