Ethereum Creator Vitalik Buterin Expresses Concerns About US Crypto Regulation
- Vitalik Buterin, the creator of Ethereum, has voiced his concerns about the US approach to crypto regulation.
- He expressed sympathy for projects like Solana that have been impacted by the regulations.
- Buterin believes that if Ethereum were to win by excluding other blockchains from exchanges, it would not be a moral or sustainable victory.
- Solana was classified as a security in the SEC’s lawsuit against Binance and Coinbase, along with other tokens like cardano, Polygon’s token MATIC, filecoin, the Sandbox’s SAND, and Axie Infinity.
- Ether, on the other hand, remained unaffected by the SEC’s crackdown.
Ethereum Co-founder Vitalik Buterin Expresses Sympathy Towards Projects Facing Adverse Consequences
- Vitalik Buterin expressed his regret for projects like Solana and others that are facing adverse consequences due to the SEC’s actions.
- He acknowledged the challenges they are currently encountering.
Ethereum Co-founder Highlights the Real Competition Faced by the Blockchain Industry
- According to Vitalik Buterin, the real competition for the blockchain industry is not from rival chains but from the fast-growing centralized sector.
- He emphasized the significance of navigating the challenges posed by the expanding centralized sector.
Coinbase Fires Back at SEC with Comprehensive Response
- Coinbase submitted a comprehensive response to the SEC’s lawsuit 40 days ahead of schedule.
- The response included legal arguments to seek dismissal of the case and potentially push for the reconsideration of the classification of Solana and Ethereum, among other affected projects.
Hot Take:
Vitalik Buterin’s expression of concern about the US approach to crypto regulation highlights the possible negative impact on projects like Solana. His emphasis on the moral and sustainable victory for Ethereum, rather than excluding other blockchains, shows a broader perspective on the future of the industry. The SEC’s classification of Solana and other tokens as securities raises questions about the regulatory landscape. It remains to be seen how Coinbase’s response will affect the outcome of the lawsuit and potentially bring about a reconsideration of the classification of Solana and Ethereum.
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