Ethereum co-founder Joseph Lubin, in an interview with CNBC, expressed his views on the role of ETH treasuries in the development of the Ethereum ecosystem and anticipated changes in the regulatory environment.
The Role of ETH Treasury in the Ecosystem
Lubin pointed out that a significant amount of Ether (ETH) is in circulation, but there is insufficient activity regarding its use. Consequently, he is actively involved in creating the SharpLink Gaming company focused on developing ETH treasuries. Lubin stated that Ether treasuries could be 'a great business to run' and emphasized the need to maintain the right balance between supply and demand for the successful development of applications.
Growth Prospects for Ethereum
The Ethereum co-founder expressed optimism about the future of ETH and BTC, predicting their growth in the coming years. He highlighted that treasuries would help create interest and scarcity around these assets, as they are expected to accumulate. 'We can acquire tens of millions of dollars in Ether a day,' Lubin said.
Regulatory Changes and Their Impact
Lubin also noted that Ethereum's development had been hindered by former SEC Chair Gary Gensler. He anticipates that changes in the regulatory landscape, including the appointment of new Chair Paul Atkins, will lead to improved conditions for blockchain companies. Lubin expressed hope that all this will result in greater development of decentralized applications on the Ethereum platform.
Joseph Lubin's remarks highlight the significance of ETH treasuries and foresee positive regulatory changes that could significantly impact the Ethereum ecosystem's development in the future.
