Ethereum's Vitalik Buterin supports tokens hit by SEC crackdown

FXstreet
FXstreet

30 Jun 2023 7:47 AM

Ethereum ranks among the few cryptocurrencies that the Securities & Exchange Commission (SEC) left out of its list of securities. While many in the cr...

  • Vitalik Buterin, co-founder of Ethereum, believes that the US policy shift on crypto has negatively affected several projects, including Solana.
  • Buterin states that the real competition for Ethereum is not other projects, but the wider "centralized world."
  • He calls for a fair outcome in the current SEC crackdown on altcoins.
  • The Total Value Locked (TVL) in Ethereum's competitors, such as Solana, Polygon, and Cardano, has decreased over the past month due to the regulatory crackdown.

The sentiment in the article is mostly negative, as it discusses the negative impact of the US policy shift on crypto projects and the decline in TVL for Ethereum's competitors.

Go to publisher site

You May Ask

How has the US policy shift on crypto affected Solana and other projects?Who does Vitalik Buterin consider as the real competition for Ethereum?What does Buterin call for in the current SEC crackdown on altcoins?What is Total Value Locked (TVL) and how has it changed for Solana, Polygon, and Cardano?What is the significance of TVL in DeFi and blockchain adoption?

Suggested Reads