Ethereum (ETH) founder Vitalik Buterin expressed his views on the US policy approach to cryptocurrencies, saying that he felt sorry for Solana (SOL) and other projects facing regulatory pressure from the US Securities and Exchange Commission (SEC).
In a tweet on Friday, Buterin responded to a follower who asked him how he felt about the US policy approach to crypto. He stated that he thinks it is not fair for Solana and other projects to be hit in this way, and that he does not want Ethereum to forfeit, as other blockchains have been kicked out of exchanges.
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
He added that the real competition for Ethereum is not the other chains but the centralized world that is imposing itself on the crypto space. In this case, he wished a fair outcome to all reputable projects.
Vitalik Buterin's comments came after the SEC filed a lawsuit against Binance and Coinbase exchanges, designating several altcoins as securities. However, the SEC had not declared Ethereum as a security. According to many analysts, the only cryptocurrencies that the SEC does not consider as securities are Bitcoin and Ethereum.
*Not investment advice.
