Consensys CEO Joe Lubin believes that Ethereum is set to benefit significantly from Donald Trump’s recent election victory. Lubin criticized the SEC's previous approach, stating it has constrained Ethereum’s growth. He remarked that Ethereum has been under pressure from the SEC, which has contributed to fear, uncertainty, and doubt (FUD) surrounding the protocol. He noted a visible increase in interest and investment in Ethereum since Trump’s win on November 5, with Ether rising by 23% in a week, currently trading at $3,200. As Trump prepares to return to office on January 20, there is speculation that SEC Chair Gary Gensler may resign, allowing for possible regulatory changes that could favor Ethereum. Lubin expressed hope for a smooth transition and clear regulations to support the cryptocurrency ecosystem, as Consensys previously called for this in an open letter addressed to the future U.S. president. The market response to the election results has been generally positive, with Bitcoin and others also seeing gains.

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