In early June, the SEC sued two major cryptocurrency exchanges, Binance and Coinbase, alleging market manipulation and calling SOL, MATIC, ADA and several other crypto-assets securities. Digital asset platform Bakkt delisted the three cryptocurrencies. Vitalik Buterin commented on what is happening, answering a question from Paradigm co-founder Matt Huang about the U.S. policy approach to the cryptocurrency industry.
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“I feel bad that Solana and other cryptoprojects are suffering from the SEC. They don’t deserve it.. If Etherium ends up winning because the other blockchains have been forced out of the arena, then the victory will not be fair. It can’t even be called a victory.. The real competition is not other networks, but a rapidly expanding centralized world that is imposing itself on everyone while we are having discussions here. I wish all worthy projects a fair outcome to the situation,” Buterin wrote on Twitter.
The Solana Foundation recently called on politicians and lawmakers to clarify the regulation of cryptocurrencies. The Polygon Labs team also refuted the SEC’s claims, saying that the MATIC cryptocurrency was developed and deployed outside of the U.S., and is still aimed at the international community, not U.S. customers.
Vitalik Buterin not long ago urged developers to improve cryptocurrency wallet security and privacy measures. According to Buterin, this is the key to the sustainability of the Etherium network.