{"id":81028,"date":"2023-06-30T14:50:25","date_gmt":"2023-06-30T11:50:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81028"},"modified":"2025-09-11T20:28:57","modified_gmt":"2025-09-11T17:28:57","slug":"vitalik-buterin-expresses-support-for-projects-harmed-by-the-sec","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vitalik-buterin-expresses-support-for-projects-harmed-by-the-sec\/","title":{"rendered":"Vitalik Buterin expresses support for projects harmed by the SEC"},"content":{"rendered":"<p>The Ethereum co-founder Vitalik Buterin says he is &#8216;sorry&#8217; for many crypto projects, as they have come under the blow of the U.S. Securities and Exchange Commission (SEC).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The one comment I&#8217;ll make is that I feel bad that <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\">@solana<\/a> and other projects are getting hit in this way. They don&#8217;t deserve it, and if ethereum ends up &#8220;winning&#8221; through all other blockchains getting kicked off exchanges, that&#8217;s not an honorable way to win, and in the long term\u2026<\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1674644137847451649?ref_src=twsrc%5Etfw\">June 30, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The regulator named the tokens <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-polygon-matic\">Polygon<\/a> (MATIC) and <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-solana-sol\">Solana<\/a> (SOL), as well as a number of other coins, as securities in lawsuits against the crypto exchanges <a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-binance-and-changpeng-zhao\">Binance<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-coinbase-exchange\">Coinbase<\/a>. Representatives of the projects <a href=\"https:\/\/u1f987.com\/en\/news\/solana-and-polygon-criticise-secs-token-classification\">did not agree<\/a> with the SEC&#8217;s definition.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThey don&#8217;t deserve this. If Ethereum ends up \u201cwinning\u201d<a href=\"https:\/\/twitter.com\/inflectionAI\"><\/a> thanks to all other blockchains being pushed off exchanges, that&#8217;s not the most honorable way to win, and in the long run, it&#8217;s probably not a win at all\u00bb \u2014 wrote Buterin.<\/p>\n<\/blockquote>\n<p>The developer stressed that the real competitor for Ethereum is not other networks, but a \u201crapidly expanding centralized world that imposes itself on us.\u201d<\/p>\n<p>He wished that \u201call worthy projects\u201d would achieve a fair outcome in the current situation.<\/p>\n<p>Against the backdrop of SEC lawsuits, the American institutional platform Bakkt <a href=\"https:\/\/u1f987.com\/en\/news\/bakkt-to-delist-solana-polygon-and-cardano\">announced<\/a> the delisting of tokens <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-cardano-ada\">ADA<\/a>, MATIC and SOL due to \u201cregulatory uncertainty\u201d<\/p>\n<p>According to a Reddit user, the fintech company Revolut told clients in an email that the same coins would be delisted in the United States from September 18.<\/p>\n<p>Earlier, the Hong Kong-based blockchain-gaming operator Animoca Brands <a href=\"https:\/\/u1f987.com\/en\/news\/animoca-brands-to-scale-back-us-footprint-amid-sec-actions\">decided to focus<\/a> on \u201cmore progressive jurisdictions\u201d outside the United States, as the SEC labeled the SAND token an unregistered security.<\/p>\n<p>Earlier, SEC Chair Gary Gensler <a href=\"https:\/\/u1f987.com\/en\/news\/gary-gensler-says-the-crypto-market-is-rife-with-fraud\">stated<\/a> that the crypto industry is rife with fraud and resembles the market of the 1920s before regulation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum co-founder Vitalik Buterin says he is &#8216;sorry&#8217; for many crypto projects as they have come under the blow of the U.S. Securities and Exchange Commission (SEC).<\/p>\n","protected":false},"author":1,"featured_media":81029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,128,200],"class_list":["post-81028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-sec","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81028"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81028\/revisions"}],"predecessor-version":[{"id":81030,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81028\/revisions\/81030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81029"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}