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<div class="cryptonews"> 
 <p class="is-style-lead">Ethereum (ETH) co-founder and ConsenSys CEO Joseph Lubin claims that U.S. philosophies are aligned with the crypto and blockchain ecosystem despite the regulatory hurdle.</p> 
 <p>According to CNBC, the CEO of ConsenSys said that blockchain technology, decentralized finance (defi), and <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>graphy “will prevail.”&nbsp;</p> 
 <p>Lubin’s statement comes while the U.S. Securities and Exchange Commission (SEC) marked 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.</p> 
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 <p>Moreover, Lubin added that SEC chair Gary Gensler “can’t just” allege “that many tokens” as securities. He even claimed that Ether, the native <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency of the Ethereum ecosystem, is a commodity.</p> 
 <blockquote class="wp-block-quote"> 
  <p>“America will see that decentralized protocols, blockchain, <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency are <a rel="dofollow" title="aligned" href="https://thebittimes.com/tag/aligned.html">aligned</a> with the <a rel="dofollow" title="philosophies" href="https://thebittimes.com/tag/philosophies.html">philosophies</a> of the U.S. And I think much of the rest of the world will follow suit.”</p> <cite>Joseph Lubin, Ethereum co-founder and ConsenSys CEO</cite>
 </blockquote> 
 <p>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.”</p> 
 <p>On the other hand, while the co-founder of Ethereum calls the U.S. a “free market,” Ripple CEO Brad Garlinghouse claims that the country is one of the worst regions for crypto and blockchain startups and companies.</p> 
 <p>Instead, Garlinghouse encouraged crypto-related companies to consider launching in Singapore, the U.K., the UAE, and Switzerland.&nbsp;</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Ripple CEO calls US one of the worst regions for crypto startups 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ethereum-co-founder-says-us-and-crypto-philosophies-are-aligned-tbt62708.html">https://thebittimes.com/ethereum-co-founder-says-us-and-crypto-philosophies-are-aligned-tbt62708.html</a></p>

Ethereum co-founder says US and crypto philosophies are aligned

TheBitTimes

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