Ethereum founder Vitalik Buterin commented on the pressure on Solana and other crypto projects in the US. Recall that the SEC recognized 12 cryptocurrencies as securities. Therefore, American companies submit to pressure and stop trading in such coins. At the same time, ether, bitcoin and a number of other coins are recognized as goods. The US does not prohibit trading them on crypto exchanges.
Vitalik believes that such repression will not benefit ETH and other (not banned) coins.
The one comment I’ll make is that I feel bad that @solana and other projects are getting hit in this way. They don’t deserve it, and if ethereum ends up “winning” through all other blockchains getting kicked off exchanges, that’s not an honorable way to win, and in the long term…
— vitalik.eth (@VitalikButerin) June 30, 2023
By the way, Buterin recently announced 3 critical changes in the Ethereum ecosystem, without which its further development would be impossible. This is scaling through L2 levels (rollups), wallets based on smart contracts and maintaining privacy on the network.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
