Vitalik Buterin comments on SEC action against Solana and Co.

The SEC's actions against Coinbase and Binance have taken a toll on some major blockchain networks. Buterin believes the authority's action is unfair.

The founder of the Ethereum Blockchain, Vitalik Buterin, went on Friday, June 30 on Twitter to comment on the U.S. Securities and Exchange Commission's (SEC) action against some Blockchain projects.

The SEC complained a few weeks ago to the world's two largest crypto exchanges. The US authority accused Binance and Coinbase of trading in unregistered securities.

In the course of the indictment, the authority mentioned a number of cryptocurrencies in this context. Among them were Polygon and Solana tokens.

"They don't deserve it. If Ethereum ends up 'winning' by kicking all other blockchains off the exchanges, that is not an honorable way to win and in the long run probably not even a victory," Buterin said.

The real competition for Ethereum, by the way, is not other blockchains. But rather "the rapidly growing centralized world that is currently imposing itself on us."

"All honorable projects" should be given a fair chance in the current situation. The proprietary Ethereum Token (ETH) has so far been spared by authority. However, regulatory considerations regarding the second-largest crypto are far from off the table.