Ethereum founder Vitalik Buterin, who has been active again in recent days, has supported altcoins in the face of the US attitude towards crypto. Buterin says projects hit by stock market lawsuits don’t deserve it.
Vitalik Buterin supported projects hit by SEC lawsuit
The Ethereum founder decided to break his long silence with a Twitter AMA on June 28. His Twitter announcement was followed by a question from Paradigm co-founder Matt Huang on crypto regulations in the US. Huang asked Buterin on this date, “What do you think of the US policy approach to crypto?” asked.
Two days later, Buterin made a comment that he supported projects like Solana, Cardano, and Polygon, which had been hit by SEC lawsuits…
Buterin emphasizes that the real competition is not between blockchains, the main competitor is central competitors. In his statements, he underlined that the coins delisted by SEC lawsuits will not be a victory for Ethereum. According to Buterin:
My only comment is that I feel bad that Solana and other projects have been hit like this. They don’t deserve this. If Ethereum is a ‘winner’ as a result of all the other coins being thrown off the exchanges, it is not an honorable way to win. It’s not even a long-term victory.
This is especially true as it is the rapidly expanding centralized world that imposes itself on us as we speak. In all this situation, I wish all honorable projects to be concluded fairly.
Solana has faced challenges of her own lately
Solana has been struggling to survive the FTX crash since 2022. While it did bounce back, the path to recovery has been rough, coupled with the regulatory issues surrounding the project. Buterin’s kind words highlight growing concerns about the regulatory environment and its impact on innovative projects.
Buterin states that the classification of cryptocurrencies as securities has far-reaching consequences that affect not only the market performance of these projects, but also the overall development and progress of the Blockchain industry.
Meanwhile, as can be seen from the chart above, Solana price made a decent 15% gain today. The Solan network is also gaining momentum in terms of NFT trade numbers and trade volume. Adding to the excitement, the price of SOL has witnessed a significant rise in the last 24 hours. This further increased investor interest. cryptocoin.com SOL, which we quoted as, was among the few altcoins that achieved double-digit returns on June 30.
Solana makes progress in NFT
Solana Daily showed that Magic Eden was the project with the highest number of active users last week. This development highlights the growing popularity and adoption of Magic Eden within the Solana community.
Also, according to Dune’s data, Solana’s NFTs have observed a significant increase in the total number of transactions in recent weeks.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.