Consensys Criticizes SEC's Crypto Approach Despite Ether ETF Approval

The recent approval of Ethereum ETFs by the U.S. SEC on May 23 has stirred the crypto market, initially fueling investor optimism. However, despite this milestone, Ethereum’s price experienced a drop, suggesting a cautious market response. Meanwhile, amid these developments, blockchain technology firm ConsenSys has voiced its concerns over the SEC’s regulatory practices, even as they welcome the Ethereum ETF approval.