Joseph Lubin, the co-founder of Ethereum and CEO of Consensys, shared his thoughts on the recent developments in crypto regulations and the Securities and Exchange Commission’s (SEC) latest moves in an interview with CNBC. Lubin suggested that positive results would emerge from SEC’s regulatory battle with the crypto industry and emphasized the significant global impact of the US on crypto regulations.
Praise for SEC from Ethereum Co-Founder
Joseph Lubin, one of the co-founders of Ethereum and also the CEO of Consensys, evaluated the recent developments in crypto regulations and discussed the SEC’s recent actions in an interview with CNBC. Praising the SEC, which has been criticized, Lubin stated that the recent moves by US regulators have been quite positive.
Joseph Lubin suggested that positive results would emerge from SEC’s regulatory battle with the crypto industry and expressed that the US plays a significant role in crypto regulations and has a global impact.
Lubin also mentioned that he disagrees with the SEC’s classification of most cryptocurrencies, including Solana (SOL) and Cardano (ADA), as securities. As a co-founder of Ethereum, he stated that he believes ETH is also a commodity.
SEC Under Criticism
The Securities and Exchange Commission’s lawsuits against Binance and Coinbase in June have escalated tensions between crypto companies and financial regulatory institutions. Although the SEC received praise from Ethereum co-founder Joseph Lubin, its recent actions have faced intense criticism from many figures in the crypto ecosystem.
During the week, Ripple CEO Brad Garlinghouse, who made various statements regarding crypto regulations, once again criticized US regulators. Garlinghouse claimed that the SEC is engaged in a political war with the crypto industry, warning crypto entrepreneurs considering starting a company in the US and drawing attention to regulatory uncertainty in the United States crypto industry.
