Joseph Lubin, co-founder of Ethereum, emphasized the significance of ETH treasuries for the ecosystem's growth during a CNBC interview. He noted that while a substantial amount of Ether is circulating, there is a lack of activity to leverage it effectively. This gap motivated him to establish SharpLink Gaming, where he serves as chairman, to enhance Ether's market dynamics. Lubin described Ether treasuries as a promising business model, essential for balancing supply and demand as more applications are developed. SharpLink aims to present Ethereum attractively to Wall Street investors. He anticipates that both Bitcoin and Ether will appreciate over the coming years as decentralization becomes more prevalent. Lubin highlighted that treasuries would foster interest and scarcity in these assets, with the potential to acquire significant amounts of Ether daily. He also criticized former SEC Chair Gary Gensler for hindering Ethereum's development but expressed optimism following the recent leadership change at the SEC, which may encourage innovation in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC #SEC #ETH