Ethereum co-founder Joseph Lubin believes that "clear heads will prevail" in the Legal Battles between the SEC and Crypto firms over whether crypto tokens are considered securities. Lubin stated that decentralized protocols, blockchain, and cryptocurrency align with the philosophies of the US, and he expects the rest of the world to follow suit. The SEC has filed lawsuits against Binance, Coinbase, and Ripple, accusing them of securities law violations. Lubin also defended his stance that ether should be viewed as a commodity rather than a security. Crypto leaders have criticized the lack of clarity in US crypto regulations and threatened to leave the country.
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