In a highly unusual turn of events, Vitalik Buterin, the popular and influential founder of Ethereum, made his feelings known publicly regarding the ongoing clash between the United States Securities and Exchange Commission (SEC) and various crypto companies. Creating a stir throughout the broader crypto community, especially the XRP fans, the code-creator touched on what he viewed as incorrect regulatory policies. Significantly, he asserted that the real battle should not be pit “well-meaning blockchain protocols” against one another, but rather ” crypto versus centralized traditional finance trying to forcefully insert itself into the crypto industry”.
The reaction from the XRP corner was much than divided,as might have been expected. One of those in the know, tucked away on Twitter under the “incognito Digital Asset Investor” moniker, mentioned that Ripple supporters should not get too carried away by the Ethereum founder’s opinion. Refraining from noting his awareness of Buterin’s ties to the Chinese firm Wanxiang Holding, he shared in equal measures censure of the man and cautionary advice for the other side of the party. However, rumors have since been floating around pointing to further revelations involving the Ethereum lead.
The debated SEC suit likewise hovered over the exchange, especially in view of Ethereum’s exceptional exclusion from the list of other altcoins, such as Cardano (ADA) and Alogrand (ALGO) allegedly named in the same case. Consequently, for many, it was difficult to assess whether Vitalik Buterin spoke to promote mutual blockchain protocols, or at Ethereum’s advantage.
