In a recent interview with CNBC’s “Capital Connection,” Joseph Lubin, co-founder of Ethereum (ETH) and CEO of ConsenSys, expressed his confidence that US regulators will recognize the alignment between decentralized protocols, blockchain technology, and the underlying philosophies that founded the United States. 

As the US Securities and Exchange Commission (SEC) engages in legal battles with various crypto firms, Lubin remains optimistic that “clear heads will prevail.”

Ethereum Co-Founder Calls For A Nuanced Regulatory Approach

Lubin drew parallels to past technological advancements, such as the internet, the web, and crypto, emphasizing the eventual acceptance and integration of these innovations into society. 

Lubin anticipates a similar trajectory for decentralized protocols and cryptocurrencies, stating: 

America will see that decentralized protocols, blockchain, cryptocurrency are aligned with the philosophies of the US And I think much of the rest of the world will follow suit.

The ongoing legal disputes between the SEC and prominent crypto firms, including Binance, Coinbase, and Ripple, have brought the classification of crypto tokens as securities to the forefront. 

The SEC has accused these companies of violating securities laws and operating “without proper registration.” Ripple, in particular, faced a lawsuit for allegedly selling cryptocurrency XRP without prior SEC registration. 

Meanwhile, Coinbase and Binance have faced allegations of operating unregistered exchanges and violating securities laws. On this matter, Lubin acknowledged the SEC’s stance on tokens potentially being classified as securities but emphasized the need for a comprehensive examination of specific tokens to determine their nature. 

Lubin highlighted that SEC Chair Gary Gensler’s pronouncements should be supported by evidence, rather than being solely declarative.

Ethereum Regarded As A Commodity?

Regarding Ethereum’s native cryptocurrency, ETH, Lubin reiterated his belief tha

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Author: Ronaldo Marquez

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