Ethereum co-founder says ‘clear heads will prevail' in the SEC's legal battles with crypto firms

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Ethereum co-founder says ‘clear heads will prevail' in the SEC's legal battles with crypto firms
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Ethereum co-founder Joseph Lubin said that the U.S. will see that blockchain and cryptocurrencies are “aligned with the philosophies of the country.”

Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys, said U.S. regulators will see that"decentralized protocols, blockchain, cryptocurrency are aligned with the philosophies of the U.S."

The U.S. SEC is in legal battles with crypto firms, alleging that most crypto tokens are securities and that crypto firms need to first register them with the regulator before selling them. "I anticipate that, with previous technologies like the internet, the web and cryptography, clear heads will prevail," Lubin told CNBC on Thursday.

The co-founder of Ethereum, Joseph Lubin, said"clear heads will prevail" as the U.S. Securities and Exchange Commission continues to dispute with crypto firms in court over whether crypto tokens are considered securities. "I anticipate that, with previous technologies like the internet, the web and cryptography, clear heads will prevail," Lubin told CNBC's""America will see that decentralized protocols, blockchain, cryptocurrency are aligned with the philosophies of the U.S. And I think much of the rest of the world will follow suit," said Lubin, who is also the CEO of blockchain technology company ConsenSys.

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