Ethereum

Gary

Read

Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) co-founder and ConsenSys CEO Joseph Lubin claims that U.S. philosophies are aligned with the crypto and blockchain ecosystem despite the regulatory hurdle. 
According to <a href="https://www.cnbc.com/2023/09/14/ethereum-co-founder-on-sec-crypto-crackdown-clear-heads-will-prevail.html" data-type="link" data-id="https://www.cnbc.com/2023/09/14/ethereum-co-founder-on-sec-crypto-crackdown-clear-heads-will-prevail.html" target="_blank" rel="noopener">CNBC</a>, the CEO of ConsenSys said that blockchain technology, decentralized finance (<a href="https://crypto.news/tag/defi/" data-type="link" data-id="https://crypto.news/tag/defi/">defi</a>), and cryptography “will prevail.”&nbsp; 
Lubin’s statement comes while the U.S. Securities and Exchange Commission (SEC) <a href="https://crypto.news/recent-sec-filing-marks-67-altcoins-as-securities/">marked</a> 67 digital currencies as securities in June. Notably, the regulator has consistently taken legal action against some high-profile crypto firms, including Binance, Coinbase, and Ripple. 
 You might also like: <a href="https://crypto.news/blockchain-association-criticizes-new-us-defi-regulation-bill/"> Blockchain Association criticizes new US DeFi regulation bill </a> 
Moreover, Lubin added that SEC chair Gary Gensler “can’t just” allege “that many tokens” as securities. He even claimed that Ether, the native cryptocurrency of the Ethereum ecosystem, is a commodity. 
<blockquote class="wp-block-quote"> 
 “America will see that decentralized protocols, blockchain, cryptocurrency are aligned with the philosophies of the U.S. And I think much of the rest of the world will follow suit.” <cite>Joseph Lubin, Ethereum co-founder and ConsenSys CEO</cite>
</blockquote> 
With the significant influence on the world that the U.S. has through “financial intermediaries,” Lubin said, decentralized protocols could make a difference by “eliminating intermediaries in many ways.” 
On the other hand, while the co-founder of Ethereum calls the U.S. a “free market,” Ripple CEO Brad Garlinghouse <a href="https://crypto.news/ripple-ceo-calls-us-one-of-the-worst-regions-for-crypto-startups/">claims</a> that the country is one of the worst regions for crypto and blockchain startups and companies. 
Instead, Garlinghouse encouraged crypto-related companies to consider launching in Singapore, the U.K., the UAE, and Switzerland.&nbsp; 
 Read more: <a href="https://crypto.news/ripple-ceo-calls-us-one-of-the-worst-regions-for-crypto-startups/"> Ripple CEO calls US one of the worst regions for crypto startups </a>

Ethereum co-founder says US and crypto philosophies are aligned

crypto.news

Other articles published on Sep 14, 2023

Bitcoin Price Surge: Is $30K Within Reach Amid Rising Inflation?

CoinEx Siap Mengganti 100 Persen Kerugian Peretasan Crypto

Komainu Connect: Hidden Road is first digital prime brokerage to join collateral management ecosy...

Routing Through Autumn

AAG’s TomoOne API gamification to help bring Web2 users into crypto space

Huobi Rebrands to HTX, Sets Ambitious Global Expansion Course

Join our free newsletter for daily crypto updates!