Joe Lubin: Trump family will create one or more major ETH businesses

According to Ethereum co-founder and Consensys CEO Joseph Lubin, the new president’s family may simultaneously launch several large business projects based on BTC and ETH.

“Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum. And they will also do things on and for other chains like Bitcoin and Solana. The Trump administration will do what is good for the USA,” Lubin posted.

Eventually, the U.S. administration will likely adopt Ethereum technology and use it on a greater scale, similar to how it currently relies on the Internet and web protocols.

Lubin added that U.S. ether ETF issuers hoped that the SEC would give funds offering staking the green light “reasonably soon.” According to him, ETF issuers are interested in providing “the best solutions” that will help to address any technical issues.

Earlier, SEC commissioner Hester Peirce suggested the regulator could change its views after the personnel reshuffle under the new U.S. president.

“If it changes from a majority of Commissioners who don’t want things to go through to a majority of Commissioners who do want things to go through, then yeah, it’s easier,” she commented on the potential approval of ETF staking.