Ethereum (ETH) co-founder Joseph Lubin stated that the USA will understand decentralized finance (DeFi) and blockchain technology at the end of the day, and the winner will be the cryptocurrency industry.
Joseph Lubin September 14 In a statement he gave on CNBC Capital Connection program on His attitude towards the cryptocurrency industry commented.
US Securities and Exchange Commission (SEC) criticizing his harsh attitude Lubin, SEC Chairman Gary Gensler’s He also said he couldn’t just label the tokens as securities and move on. He needs to prove this thesis. he emphasized.
Logic will prevail
On the other hand, Lubin, who expressed hope in this regard by alluding to the Grayscale and Ripple (XRP) cases, said that the US authorities are considering the development of decentralized protocols, blockchain and cryptocurrencies. Compatible with the philosophy of the USA He argued that they would see that:
I predict that logic will win in cryptography, as it did in previous Internet and web-style technologies. Officials will see that decentralized protocols, blockchain, and cryptocurrencies are compatible with the US’s philosophy, and I think most of the rest of the world will follow suit.
Decisions taken by the USA have a global impact sets an example Stating that the co-founder invited the lawmakers to be more sensitive towards the cryptocurrency sector.
Many countries take an example from the USA. The US has a lot of influence over the world through financial intermediaries, and decentralized protocol technology is, in many ways, about steering the intermediaries in the right direction. US decisions also concern free markets, capitalism and freedom of expression.