In the midst of the SEC's lawsuit against Coinbase, industry experts and prominent figures have shared their opinions on the matter. Pierre Rochard, vice president of research at Riot Platforms, suggested that Coinbase refocus its attention on Bitcoin.
Gamza KhanzadaevEchoing Rochard's sentiment, Twitter founder Jack Dorsey, known for his advocacy of Bitcoin, also expressed support for prioritizing the main cryptocurrency amid regulatory challenges. The founder of Twitter further emphasized the scarcity of censorship-resistant technologies at scale, including Tor, Bitcoin and Nostr.
Elon Musk, the world's richest man and current owner of Twitter, promptly responded to Dorsey's pro-Bitcoin stance with a concise yet attention-grabbing tweet, injecting his characteristic wit into the conversation. Musk, who has previously expressed interest in Dogecoin, a meme-inspired cryptocurrency, tweeted: "DOGE ftw," an abbreviation for "for the win." With this simple reply, Musk emphasized his ongoing enthusiasm for Dogecoin, adding an interesting twist to the ongoing discussion surrounding Bitcoin's prominence.
— jack (@jack) June 6, 2023
While Dorsey has yet to respond directly to Musk's tweet, he made a notable comment regarding Ethereum. In response to a question about ETH's classification, Dorsey affirmed its status, implying that he believes Ethereum should be considered a security. This statement adds a new layer of complexity to the ongoing debates surrounding the regulatory treatment of cryptocurrencies and may spark further discussions within the industry.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Alex Dovbnya
Dan Burgin
Vladislav Sopov