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    Joe Lubin foresees Ethereum’s rise with Trump’s re-election and possible SEC leadership changes

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    Joe Lubin, CEO of Consensys, believes Ethereum will benefit the most from President Trump’s re-election, expecting changes in SEC leadership. Despite past conflicts with the SEC, Lubin sees improved prospects for Ethereum, echoing its recovery after Trump’s win. Following the win, Bitcoin, Solana, and BNB surged by 16%, 8%, and 3% respectively, while Ethereum jumped by 23%. US investors have been increasingly drawn to Ethereum ETFs, resulting in a record $295 million investment on November 11. Lubin also anticipates the potential resignation of SEC Chair, Gary Gensler, post-Trump’s inauguration, hoping for Mark Uyeda as his successor.

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    Joe Lubin, the CEO of Consensys, reckons Ethereum could gain the most from Donald Trump’s recent victory. He says we’ve long been living in a world foggy from constant interference by the SEC, pushed by the more liberal wing of the Democratic Party.

    Consensys has had its tiffs with the Securities and Exchange Commission in the US, even to the point of blaming them for having to let go of 20% of their staff in October. They claim that the SEC was flexing its muscles a bit too much.

    However, post-Trump’s victory, things are looking better, especially for Ethereum, says Lubin. He expects a shuffle-up in the SEC leadership too.

    Ethereum has been hassled quite a bit by the US, specifically, leading to a lot of fear, uncertainty, and doubt. Bitcoin has seen a 16% rise since Trump’s win on November 5. Solana and BNB are up 8% and 3%, respectively. Ethereum has upped by 23% in the last seven days and trades at about $3,200.

    According to Lubin, the recovery has favoured Ethereum – it’s potentially going to benefit more than others, given its size and maturity, compared to all other ecosystems except Bitcoin. Data from Farside shows US investors pour money into Ethereum ETFs since Trump was elected, topping at a record $295 million of investments on November 11. Bitcoin ETFs have done reasonably well still in comparison.

    Trump’s back in the saddle at the White House on January 20. Lubin and others believe that day the SEC Chair, Gary Gensler, will tender his resignation. Lubin is hopeful that Mark Uyeda, an SEC Commissioner, will take the lead. He’s also hoping they leave graciously and not cause undue problems for companies.

    Back in October, Consensys had requested whoever the future US president would be for clear regulations specific for cryptocurrencies and Web3. Their open letter dated October 23 said that regulatory ambiguity was slowing down blockchain tech’s development.

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