Ethereum Co-Creator Vitalik Buterin Slams 'Anarcho-Tyranny' Of Crypto Regulations, Says 'Useless' Projects Safe While Those With Long-Term Story Punished
Portfolio Pulse from Aniket Verma
Vitalik Buterin, co-founder of Ethereum, criticized current U.S. cryptocurrency regulations, calling them 'anarcho-tyranny.' He argued that vague projects are allowed to operate freely while those with clear long-term visions are penalized. His comments follow a lawsuit by the SEC against ConsenSys for alleged securities violations. The SEC recently closed an investigation into whether Ether is a security, marking a significant win for the cryptocurrency.
July 01, 2024 | 6:12 am
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Vitalik Buterin criticized U.S. crypto regulations, calling them 'anarcho-tyranny.' This follows the SEC closing an investigation into whether Ether is a security, marking a significant win for the cryptocurrency.
Buterin's criticism highlights regulatory challenges but also follows a positive development for Ether with the SEC closing its investigation. This mixed news could create short-term volatility but is likely positive overall for ETH.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Solana's price rose 3.7% in the last 24 hours, driven by momentum from ETF application news. This follows broader discussions on crypto regulations and market dynamics.
Solana's price increase is driven by positive sentiment around ETF applications, which is a separate but related regulatory development. This momentum is likely to continue in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50