Joe Lubin characterized the regulator's sending of a Wells Notice to crypto firm Consensys as "an attempt to paralyze us." Ethereum co-founder Joe Lubin has argued that the U.S. Securities and Exchange Commission's recent series of enforcement actions directed at crypto firms is "intended to create FUD"—that is, "fear, uncertainty, and doubt"—in the industry. Speaking at the Financial Times Crypto and Digital Assets Summit, Lubin, whose firm Consensys recently revealed that it was sent a Wells Notice by the regulator, called its action "an attempt to paralyze us, or have us move off-shore."