Co-founder of Ethereum, Joseph Lubin Says He Isn’t Concerned About SEC’s Regulatory Threats 

ethereum price chart

Joseph Lubin says he is unconcerned about the threats from SEC.

Joseph Lubin, co-founder of Ethereum said that he feels “absolutely unconcerned” about the latest News that Ether has captured the attention of the Securities and Exchange Commission.

You’ll recall that reports from Wall Street Journal, last week, informed the public that’s SEC was debating whether to regulate Ether as security.

Lubin acknowledged what Gary Gensler, former chairman of the CFTC, said about Ether last week about the similarities Ripple and Ether shared with securities. After that, he said: “The fact that many regulators understand what Ethereum means makes us comfortable.”

SEE ALSO:   Ethereum price prediction 2018: Why should you keep watch on the Ethereum in 2018? Should I buy Ethereum now? -Price Prediction Today

Is Ether a Commodity or a Security?

Ether is the second most valuable cryptocurrency in the world. It was designed on the sophisticated Ethereum network. The network is a decentralized and open source. It uses the blockchain technology to enable smart contracts.

Just like other cryptocurrencies, no clear-cut regulations are surrounding Ether. At the same time, there is no clear definition of cryptocurrencies. While the SEC claims cryptocurrencies are securities, the CFTC claims cryptocurrencies are commodities.

In Lubin’s opinion, neither the SEC or the CFTC are correct in their definition of cryptocurrencies. He says that cryptocurrencies are neither commodities or securities.

“The cryptocurrency community doesn’t consider Ether a cryptocurrency. We see it as a crypto-fuel or a crypto-commodity.”

How Can Ether be Regulated

According to Lubin, Ether is the fuel that feeds the decentralized apps on the Ethereum blockchain. So, each time a developer wants to use resources from the network, they will be required to pay with Ether. Ether is thus the gasoline in the Ethereum economy.

SEE ALSO:   Litecoin Price Analysis Today: LTC Is Still In A Range Bound (Litecoin (LTC) Price Forecast June 2018)

Since no form of gasoline or oil is used for real-time payment in today’s world, Lubin believes that there is no need to regulate Ether at all.

Even if the Ethereum community thinks it’s not necessary to regulate Ether, the news about the SEC’s plans to regulate Ether like stocks brought the price of Ether down by 6%.


Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   Ethereum price predictions: ETH price is rising and can gain further upside momentum - Ethereum News Today -Price Prediction Today

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!