Ethereum

Gary

<![CDATA[<figure class="image"><img src="https://cimg.co/news/124894/329906/joseph-lubin.jpg" alt="" srcset="https://cimg.co/news/124894/329906/responsive-images/joseph-lubin___media_library_original_1500_1500.jpg 1500w, https://cimg.co/news/124894/329906/responsive-images/joseph-lubin___media_library_original_1200_1200.jpg 1200w, https://cimg.co/news/124894/329906/responsive-images/joseph-lubin___media_library_original_900_900.jpg 900w, https://cimg.co/news/124894/329906/responsive-images/joseph-lubin___media_library_original_720_720.jpg 720w, https://cimg.co/news/124894/329906/responsive-images/joseph-lubin___media_library_original_600_600.jpg 600w, https://cimg.co/news/124894/329906/responsive-images/joseph-lubin___media_library_original_300_300.jpg 300w" sizes="100vw" width="1500" class="content-img"><figcaption>Source: Consensys / Zaza Weissgerber</figcaption></figure>Joseph Lubin, the co-founder of <a href="https://cryptonews.com/guides/ethereum/">Ethereum</a> and the CEO of blockchain firm ConsenSys, is optimistic about crypto adoption in the US, similar to embracing &ldquo;previous technologies like the internet.&rdquo;In a recent interview on CNBC&rsquo;s &lsquo;<a href="https://www.cnbc.com/2023/09/14/ethereum-co-founder-on-sec-crypto-crackdown-clear-heads-will-prevail.html">Capital Connection</a>,&rsquo; he said that &ldquo;clear heads will prevail&rdquo; in the industry, despite the ongoing turmoil and regulatory uncertainties.<blockquote>&ldquo;I anticipate that, with previous technologies like the internet, the web and cryptography, clear heads will prevail. 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.&rdquo;</blockquote>Lubin&rsquo;s remarks come at a time when digital asset platforms including <a href="https://cryptonews.com/news/sec-sues-binance-cz-over-blantant-disregard-of-its-rules.htm">Binance</a> and <a href="https://cryptonews.com/news/breaking-coinbase-sued-by-sec-just-day-after-binance-lawsuit-which-firm-next.htm">Coinbase</a> are facing allegations from the US regulator for offering unregistered securities and a slew of other charges.<h2 style="text-align:justify;" id="ether-is-a-commodity">&ldquo;Ether is a Commodity&rdquo;</h2>The US Securities and Exchange Commission (SEC) under Chair Gary Gensler is viewing most tokens as <a href="https://www.sec.gov/news/testimony/gensler-testimony-house-financial-services-041823">securities</a>, however, a year-long battle between Ripple Labs and the SEC over the nature of Ripple&rsquo;s XRP token concluded in July, confirming that XRP is not a security when sold to the general public.Referring to Gensler&rsquo;s remarks, Lubin said that crypto assets really need to be demonstrated to be a security. &ldquo;He can&rsquo;t just make that pronouncement,&rdquo; Lubin added.He also stood by his stance on calling Ether (ETH) a &ldquo;commodity.&rdquo; In March, Lubin made a statement, saying that Ether is more akin to a commodity like oil.<blockquote>&ldquo;I stand by my conviction that ether is a commodity.&rdquo;</blockquote>Further, Lubin believes that &ldquo;clear heads&rdquo; in the crypto industry would prevail amid a crackdown on crypto companies. He said that the US still remains an example for a lot of countries.<blockquote>&ldquo;The U.S. has a lot of influence on the world through financial intermediaries and other intermediaries, and decentralized protocol technology is about right sizing and eliminating intermediaries in many ways. The U.S. is also all about free markets, capitalism, free speech.&rdquo;</blockquote>
]]>

Despite Crypto Market Rout in the US, “Clear Heads Will Prevail,” Says Ethereum Co-Founder

Table of Contents

Cryptonews.com

Other articles published on Sep 14, 2023

OKX Switch McLaren MCL60 Race Car To Stealth Mode For The Singapore Grand Prix

MNST Stock (NASDAQ: MNST) Price Prediction: Will MNST Reach $100?

This historic Ethereum anomaly could spark huge ETH price rebound

Ripple’s Goal: Turning Every eCommerce Store into a Crypto-Friendly Business

Panerai’s NFT Leap: Luxury Watches Reimagined

Polygon publishes proposals to replace MATIC and enhance infrastructure

Join our free newsletter for daily crypto updates!