Ethereum Founder Feels Sorry For Solana; Here’s Why

Ethereum News: Vitalik Buterin, Ethereum co-founder announced that he will open up about crypto and non-crypto queries. This comes in when the biggest of the cryptos like Cardano (ADA), Polygon (MATIC), and Solana (SOL) got categorized as “Security” by the U.S. Securities and Exchange Commission (SEC) in the latest lawsuits.

Also Read: XRP Whales Scoops 360 Million XRP; Ripple Lawsuit Verdict Near?

Ethereum To Emerge As Winner?

A user asked Buterin, how he feels about the US policy approach to crypto amid recent enforcements. Ethereum founder stated that he feels bad that major projects like Solana are getting hit in this way. He asserted that these blockchains don’t deserve this.

He mentioned that if Ethereum ends up winning when all other blockchains are getting kicked off from crypto exchanges, would not present an honorable way to win. However, he suggests that this isn’t even a victory in the long term.

As per Ethereum founder, its real competition is not with other chains in the crypto industry as it is rapidly expanding in the centralized world. Meanwhile, Buterin wished that all the blockchain projects get a fair outcome amid the increasing uncertainty. Read More Ethereum News Here…

Also Read: ADA, MATIC, ALGO Are Not “Securities”: XRP Lawyer

Solana Makes Huge Comeback?

The US SEC in the recent lawsuit filed against Binance and its CEO Changpeng Zhao alleged that crypto assets like Cardano (ADA), Solana (SOL) and Polygon (MATIC) as unregistered securities. However, the list carries other famous cryptos like SAND, MANA, ATOM, FIL and more.

Solana price registered a huge collapse over SEC’s categorization. However, SOL made a huge recovery on Friday as its price spiked by around 15%. Solana is trading at an average price of $18.7, at the press time. Its 24 hour trading volume is up by 165% to stand at $997 million.