Consensys founder Joseph Lubin has expressed optimism that the era of regulatory antagonism from the U.S. Securities and Exchange Commission (SEC) towards crypto may soon be over. This sentiment follows the SEC's recent decision to close its 14-month investigation into Ethereum, a move seen as a major win for the industry.

Despite the positive development, Consensys refuses to withdraw its lawsuit against the SEC, filed in April. The lawsuit was originally initiated in response to the SEC's classification of Ethereum as a financial security, which Consensys and much of the crypto industry have vigorously contested. Now, the lawsuit seeks greater legal clarity regarding the regulatory framework for cryptocurrencies.

Lubin underscored the ongoing need for clear regulatory guidelines. He stated, "There has to be a better way to regulate the market than through ambush." Furthermore, the Consensys founder expressed, "We are hopeful that the antagonism to crypto among some US regulators is starting to wane and that the national investor protection strategy will evolve from the current guerrilla tactics."