logo
welcome
CoinGape

CoinGape

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

CoinGape
Summary
Nutrition label

74% Informative

Consensys cuts 20% of staff, citing macroeconomic pressures and US SEC regulatory costs.

Ripple and Coinbase face legal battles with US SEC , highlighting industry-wide regulatory strain.

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 .

Lubin: "To stay competitive, we need to reshape ourselves to be more agile, more effective".

VR Score

63

Informative language

54

Neutral language

80

Article tone

formal

Language

English

Language complexity

76

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links