Vitalik Buterin, the creator of Ethereum, has shown sympathy for crypto tokens like Solana that have come under scrutiny from the U.S. Securities and Exchange Commission (SEC). Buterin believes that these tokens do not deserve the legal actions taken against them and winning through the removal of other blockchains from exchanges is not an honorable victory. He sees the real competition for Ethereum in the centralized world rather than other cryptocurrencies. Additionally, Cardano developer IOG has rejected the SEC’s claims that ADA, Cardano’s native token, is a security, stating that the allegations contain factual inaccuracies.

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