Joseph Lubin’s Ether Treasury Plan: A Game-Changer for Ethereum Ecosystem?

Ethereum co-founder Joseph Lubin has suggested that ETH treasuries are crucial for the development of the Ethereum ecosystem. During an interview with CNBC, Lubin stated that a large amount of Ether (ETH) is in circulation, but there is insufficient activity to utilize it.

Lubin, who is also the chairman of SharpLink Gaming, said that Ether treasuries are “a great business to run.” He also claimed that “it’s going to be critical to enable the supply-demand dynamics of Ether to right-size as we build more and more applications.”

Lubin said that he expects both Bitcoin (BTC) and Ether to “continue to rise over the next years and decades” as the world gradually shifts to increasing decentralization. He believes that treasuries will generate interest and scarcity around these assets by accumulating and being expected to keep collecting more.

According to Lubin, the ecosystem is mature enough to host Web3. “It’s very usable right now,” he said, adding:

“So Ethereum is scalable enough, affordable enough, legal enough in the United States.”

Regulatory thaw could unlock Ethereum growth

Lubin also claimed that Ethereum’s development had been stifled by former US Securities and Exchange Commission Chair Gary Gensler, who he says made it “really unattractive to use tokens or issue tokens or build applications in our ecosystem.” “That is all behind us,” he added.

The comments follow Paul Atkins being sworn in as the 34th chair of the SEC in late April. Earlier this month, Atkins said that the SEC now sees tokenization as an “innovation” to be encouraged in the marketplace.

Gensler’s departure from the SEC was welcome news in the crypto community, with some claiming that he had made the US “nearly untenable for blockchain companies.” Still, mid-May reports suggest that privately, he was a crypto supporter.

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2025-07-09 14:58