SEC Crypto Crackdown Has Vitalik Buterin Feeling Bad for Ethereum Competitor Solana

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Vitalik Buterin, the founder of Ethereum, recently voiced his displeasure with how the United States handles cryptocurrencies in a conversation with Paradigm’s Co-Founder and Managing Partner, Matt Huang.

The status of these tokens is now unknown due to the claims, which poses a danger for the markets and players that engage in transactions using these tokens, and maybe even for the people who created them. During a recent interaction, CoinDesk had with lawyers Jesse Overall and Steve Gatti from the UK-based legal firm Clifford Chance, who brought this to the attention of CoinDesk.

Buterin’s statements, when seen in this light, demonstrate a feeling of camaraderie with other blockchain initiatives, especially Solana.

He expressed regret that Solana and other projects are being targeted in this manner, saying, “They don’t deserve it, and if Ethereum ends up ‘winning’ through all other blockchains getting kicked off exchanges, that’s not an honourable way to win, and in the long term probably isn’t even a victory.”

Buterin’s remarks highlight that blockchain initiatives compete not with one another but with the fast-increasing centralized world, which is pressing itself on the decentralized sector. He ended his speech hoping that the current circumstances would improve for all “honourable projects.”

Also Read: The court has ordered Kraken to comply with the IRS’s request for user data for tax purposes

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