• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Vitalik Buterin's Concerns About Political Tokens in Crypto

user avatar

by Giorgi Kostiuk

2 months ago


Ethereum co-founder Vitalik Buterin has expressed concerns about the growing number of political tokens and their potential use for bribery and influence in political processes.

Dangers of Political Tokens

Vitalik Buterin raised concerns about political tokens such as TRUMP and MELANIA, believing they can be used for political gain. He noted the potential use of these tokens by foreign actors to influence politics and governance ethics.

Now is the time to talk about the fact that large-scale political coins cross a further line…, whose harm is at most contained to mistakes.None

Regulation Challenges in Crypto Industry

Buterin also shared his views on the legal environment of cryptocurrencies, including the actions of former SEC chairman Gary Gensler. He claims that Gensler's policies have led to obfuscation of projects' revenue structures and created legal risks.

@GaryGensler created a regime where tokens that give investors clear indication of what their rights are and where their revenue comes from is a "security", but obfuscated "governance tokens" are potentially in the clear.None

Future of Crypto Innovations

Despite concerns, Buterin believes in the industry's future. He calls for systems supporting decentralization and sustainable development. He believes that privacy and transparency should be the priorities moving forward.

Vitalik Buterin assures that current industry problems require long-term innovation and sustainable development based on the principles of privacy and transparency.

0

Share

Other news

Layer 1 Raises $210M: Record BlockDAG Presale, ZEC and ENA in Focus

Record BlockDAG presale led to $210M, Zcash recovers, and ENA prepares for significant token unlock.

user avatarGiorgi Kostiuk

13 minutes ago

Bitcoin Strategic Purchases: How Metaplanet Expands its Assets

Japan's Metaplanet acquired 696 BTC, raising its holdings to 4,046 units, demonstrating commitment to digital investments.

user avatarGiorgi Kostiuk

14 minutes ago

Backpack Exchange to Help FTX EU Clients Recover Funds

Backpack Exchange has begun a fund return process for FTX EU clients to expedite recovery post-collapse.

user avatarGiorgi Kostiuk

14 minutes ago

Cronos and BlockDAG: Significant Changes in the Crypto Market

Cronos rises 40% post SEC investigation, while BlockDAG secures $5M in 48 hours.

user avatarGiorgi Kostiuk

20 minutes ago

BDAG, Mantle, and Sui: Comparing Web3 Development Technologies

Learn about BlockDAG's innovations and compare them with Mantle and Sui in the context of Web3 development.

user avatarGiorgi Kostiuk

21 minutes ago

Elon Musk Claims Biden Mismanages Social Security Funds

Elon Musk claimed millions of noncitizens were issued Social Security numbers under Biden's administration.

user avatarGiorgi Kostiuk

21 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.