• Vitalik Buterin, the Ethereum founder, says he is not ready to stake a large part of his ETH holdings due to the current infrastructure built around the service.
• Charles Hoskinson, who worked with Buterin on the early stages of Ethereum, commented on Twitter that all of their ADA is staked and raised questions about Vitalik’s staking comments.
• Buterin also commented on US regulatory approach to crypto in lawsuits launched against top crypto exchanges Binance and Coinbase.
Vitalik Buterin Staking ETH
Vitalik Buterin says that he’s not ready to stake a large part of his Ethereum (ETH) holdings due to the current infrastructure built around the service. In a recent interview with the Bankless Podcast, the Ethereum founder explains why he’s only staking a ‘fairly small portion’ of his ETH.
Charles Hoskinson Reacts
Cardano (ADA) creator Charles Hoskinson, who worked with Buterin on the early stages of Ethereum, took to Twitter in reaction to Vitalik’s staking comments. He tweeted that he was “at a loss for words” and implied that it should be standard procedure for properly designed proof-of-stake protocols like Cardano.
US Regulatory Approach To Crypto
Buterin also made headlines this week when he was asked about his opinions on US regulation in regards to crypto assets such as Cardano and Solana (SOL). The U.S Securities and Exchange Commission recently listed these tokens as “crypto asset securities” alongside Polygon (MATIC). However, they excluded Ethereum from this listing even though it may have been considered as well. Buterin expressed sympathy for projects dealing with regulations stating that if Ethereum ends up ‘winning’ through other blockchains getting kicked off exchanges it is an “unhonorable way to win”.
Conclusion
In conclusion, Vitalik Buterin has spoken out about why he isn’t staking a large portion of his ETH holdings yet and showed concern over top crypto exchanges being sued by the SEC for listing certain tokens as “crypto asset securities” instead of cryptocurrencies like Ethereum itself. Charles Hoskinson reacted strongly while expressing support for other projects dealing with regulation issues as well.