Ethereum Co-Founder Joseph Lubin on why Ethereum rules the internet | Musto Educational

Joseph Lubin (one of Ethereum’s co-founders) said it is clear that Ether (ETH) – is a commodity and not a security. Lubin stated it "just doesn't matter" that some regulators have not recognized ETH as a commodity yet. Meanwhile Ethereum (ETH), the second-largest digital asset by market capitalization, demonstrated a notable upswing on Nov. 9, hitting its 52-week peak at $2,137. The recent upswing in Ethereum’s value is ascribed to several factors, with one significant catalyst being BlackRock’s registration of an iShares Ethereum Trust in Delaware on Nov. 9. Speculation among industry observers suggests that BlackRock is gearing up to introduce a spot Ethereum ETF following the potential approval of its proposal for a spot Bitcoin ETF.

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