Regulatory Pressure and Dencun Update Pose Challenger for Ethereum

By: Eva Baxter

Ethereum co-founder Joe Lubin has noted the intensified SEC scrutiny as a form of creating uncertainty and fear, aimed at pushing the cryptocurrency offshore. Lubin argues that the Wells Notice issued to crypto firm Consensys is a paralyzing force towards the company's operations.

In another development, Ethereum's Dencun upgrade designed to reduce transaction fees and enhance network scalability, has inflicted an unexpected outcome on the cryptocurrency. Ether (ETH) has reverted back to being an inflationary asset - nullifying one of the primary advantages realized from last year's Merge.