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Co-founder and CEO of Block,the creator of Twitter, said that he considers his own asset of the Ethereum network a security. The investor and bitcoin enthusiast actually agreed with the arguments of the Securities and Exchange Commission (SEC).
Jack Dorsey summed up his point of view in one tweet.
— jack (@jack) June 6, 2023
The creator of Twitter added that, in his opinion, onToday, there are only three technologies that are truly resistant to state censorship: the TOR network, the Bitcoin blockchain, and the Nostr protocol. While these technologies may not be familiar or easy to use for most people at this time, Dorsey is nonetheless convinced that they are the future.
Taproot Wizards bitcoin ordinal developer Udi Wertheimer suggested that Dorsey doesn't know enough about the subject to make that kind of judgment.
But, for example, a corporate strategy advisorTether and VanEck Gabor Gurbacs, commenting on Wertheimer's words, said that the recent transition of Ethereum to the Proof-of-Stake consensus could lead to the operation of the US securities law.
Formerly Block CEO became
the largest investor in bitcoin startup Azteco, which offers a simplified way to buy BTC for people who do not have bank accounts.