Ethereum co-founder Vitalik Buterin has expressed his views on the recent enforcement actions taken by the United States Securities and Exchange Commission (SEC) against crypto exchanges, which have affected blockchain projects like Solana.
Vitalik Buterin against SECs Recent Actions
In a response to a question from Paradigm co-founder Matt Huang, Buterin expressed his sympathy for Solana and other projects that have been targeted by the SEC.
He stated that these projects do not deserve such treatment and that a victory for Ethereum at their expense would not be honorable.
SEC’s Lawsuits Against Crypto Exchanges
Earlier this month, the SEC filed lawsuits against crypto exchanges Coinbase, Binance, and Binance.US, alleging that they offer trading in tokens it considers unregistered securities. The regulator named over a dozen tokens, including Solana’s SOL, Polygon’s MATIC, and Algorand’s ALGO.
Buterin’s Wish for a Fair Outcome
Buterin emphasized that Ethereum’s real competition is not other blockchains but the expanding centralized world. He expressed his wish for all honorable projects to have a fair outcome in the current situation.
About the Fight Back from Companies and Projects
In response to the SEC’s actions, the Solana Foundation and Polygon Labs have disagreed with the characterization of their tokens as unregistered securities. Meanwhile, Coinbase and Binance have been actively fighting the SEC lawsuits, with Coinbase filing a motion to dismiss the lawsuit and Binance suffering an early court loss.
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