Consensys, the Ethereum blockchain company founded by Joe Lubin, sued the Securities and Exchange Commission Thursday seeking to head off any coming enforcement action. Why it matters: One of the biggest Ethereum firms is striking back amid an ongoing campaign by the SEC to classify the world's second largest digital asset a security. • "We are hopeful that the case brings attention to — and ultimately halts — the SEC's reckless approach," Lubin said in a press statement. Between the lines: The firm is seeking injunctive relief, "preventing the SEC from continuing any investigation or commencing an enforcement ... (full story)