Bankless Is Joe Lubin the Michael Saylor of Ethereum? | The $SBET Opportunity
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Jun 9, 2025 Joe Lubin, co-founder of Ethereum and founder of ConsenSys, discusses his new venture, SBET, designed to accumulate Ether as a treasury asset. He explores a potential shift in Ethereum's narrative, likening himself to Michael Saylor for ETH. The talk delves into regulatory challenges, why Ether may outperform Bitcoin, and its promise as a multi-trillion-dollar asset. Lubin also touches on the evolution of decentralized finance, Ethereum's scalability innovations, and its future role as a dominant store of value.
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SEC Battle Over Ether Classification
- Joe Lubin and his company fought a regulatory battle with the SEC over the classification of Ether as a security.
- They sued the SEC, won an apology, and now enjoy a more constructive regulatory relationship.
SBET’s Strategic Ether Treasury Model
- SBET is a new NASDAQ-listed company acquiring and deploying Ether as a treasury asset with a focus on staking and DeFi.
- It aims to create a growing "Ether concentration" for shareholders, akin to Bitcoin exposure with MicroStrategy.
SBET’s Role in Ethereum’s Growth
- SBET could help Ethereum reach multi-trillion-dollar status by onboarding institutional investors and providing a clear path to Ether ownership.
- Greater adoption by organizations will increase Ether’s market acceptance and valuation.
