ConsenSys: If the US SEC successfully designates ETH as a security, it may lead to widespread unemployment among American workers

Consensys, an Ethereum infrastructure development company, said in a post on X that if the U.S. Securities and Exchange Commission (SEC) successfully designates ETH as a security, years of work by companies and developers will be wasted, billions of dollars in economic value will be destroyed, and this could lead to widespread unemployment among American workers.