Jameson Lopp, the co-founder of Bitcoin (BTC) security provider Casa, isn’t feeling as hopeful as the rest of the crypto industry about the United States Securities and Exchange Commission (SEC) giving the green light to a spot Ether (ETH) exchange-traded fund (ETF) later this year.
“I’m skeptical that we will see any other crypto ETFs get approved any time soon,” Lopp tells Magazine.
Lopp’s reasoning behind the bold opinion is the fact that SEC head Gary Gensler’s stance toward Ether over the past five years has been fairly standoffish.
“Just look at what Gary Gensler has said over the years. I think he’s been asked a number of times whether or not Ethereum is a security and he always refused to make any statements around that. The only reason that I can figure for that is that they’re hoping to somehow attack it as a security.”
He believes that if the spot Ether ETF gets rejected, it will only drive even more cash into Bitcoin ETFs.
“I do expect that the Bitcoin ETF will probably be the only one, at least over the short to medium term, and that will result in a lot more of the funds flowing into the Bitcoin ETFs since there simply won’t be other options,” he explains.
Lopp has become known for his expertise in Bitcoin security, but he finds it constraining when he wants to discuss other topics.
He’s tried to broaden his content on numerous occasions but says it’s like throwing fuel at the fire.
“Eventually, you say something about a different topic, and you get backlash, and maybe you get canceled. The reason why I believe that this happens is because you break the mental model of some portion of your audience,” he says.
Reminder that “Bitcoin Maximalist” is a pejorative coined by the creator of Ethereum and it was reappropriated by Bitcoiners much like how various racial slurs have been “taken back” by communities to denote a shared bond. Intra-group versus intergroup usage is quite different.
— Jameson Lopp (@lopp) June 6,…..
