In the new development, the legal battle between the United States Securities and Exchange Commission (SEC) and some crypto outlets took a significant twist as a least-expected person came out publicly to express his discontentment with SEC’s stance on security and non-security crypto assets.
Ethereum founder Vitalik Buterin was the latest crypto chief to publicly air his views on the SEC’s actions, having expressed dissatisfaction with SEC’s stance. Vitalik’s sudden outburst appeared as a shock and received mixed reactions and comments within the crypto community, especially the XRP community.
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When quizzed about what he thinks about SEC’s regulatory guidelines, the Ethereum founder noted that it is unfortunate that crypto projects, particularly Solana, got involved in the regulatory body saga with other crypto projects.
Speaking further, Buterin added, “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 probably isn’t even a victory.”
Also, Vitalik stressed how the major competition should be between crypto and the conventional centralized finance scene attempting to force itself on the crypto industry rather than a battle amongst well-meaning blockchain protocols.
In addition, The Ethereum founder maintained that peradventure, Ethereum succeeds in gaining significant prominence by standing tall while other assets get ousted off exchanges; it would not go down as a real victory. Concluding his assertion, Buterin stated, “I wish all honorable projects a fair outcome in this whole situation.”
Vitalik’s recent utterances didn’t go well with the XRP community members despite speaking in favor of the crypto projects implicated by the SEC. A famous influencer and Twitter user with an incognito Digital Asset Investor took to Twitter, advising the XRP community members to avoid getting carried away by the Ethereum founder’s comment.
The influencer further revealed that Vitalik’s knowledge of the plan to design a monopoly for Ethereum is no longer a hidden fact.
Meanwhile, another XRP community member cited recent revelations connecting Vitalik to the Chinese entity Wanxiang Holdings.
One of the most highly speculative reasons that must have spurred the hostile comments and reactions from the XRP community members could be Ethereum’s founder’s remarks concerning the pending lawsuit between the SEC and Ripple.
Also, the fact that Ethereum got excluded in the different lawsuits that implicated top exchanges, Coinbase and Binance, alleging they facilitated the trading of unregistered security assets, which includes Cardano (ADA), Solana (SOL), Polygon (MATIC), and Algorand (ALGO).
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