Consensys CEO warns: Factional politics hinder the digital asset revolution

Co-founder of Ethereum and CEO of Consensys, Joseph Lubin, stated that he is quite satisfied with the legal progress in America, but hopes that discussions regarding digital assets in Washington will be more bipartisan.

“Factional politics should not really have a place in a technology revolution,” Lubin said. “Unless someone has a vested interest in maintaining the status quo of the financial industry or other sectors, then America needs to stand on the side of innovation.”

Lubin emphasized that Consensys is still “deeply involved” in supporting the process of perfecting the legal framework for cryptocurrencies and blockchain technology.

Joseph LubinSince President Donald Trump was re-elected, lawmakers and regulators in America have accelerated efforts to build clearer rules for the crypto industry. Notably, the passage of the Genius stablecoin act and ongoing efforts to establish a comprehensive framework for the digital asset market. At the Korea Blockchain Week conference last month, Patrick Witt – Executive Director of the White House Advisory Council on Digital Assets – stated that he expects the bill on crypto market structure to be passed before the end of 2025.

MetaMask and signals from MASK

In a podcast interview on “The Crypto Beat” by The Block, Lubin revealed that MetaMask will launch its native token MASK much sooner than expected.

Although no specific timeline has been announced, he affirmed that Consensys is “very actively” deploying. Lubin advised the community to pay attention to other moves within the Consensys ecosystem, such as Infura gradually decentralizing through DIN, or signals from the Linea project.

“In summary, we will continue to reward users of Consensys and Ethereum technology. Keep an eye out, things will become clearer and clearer,” Lubin shared.

Linea aims for 2026

Last month, Consensys held a token launch event for Layer 2 Ethereum – Linea, distributing over 9.36 billion LINEA to eligible addresses, of which 85% of the supply is allocated for ecosystem development.

“We fully support Ethereum. All of Consensys's products are synchronized with Linea, something that other rollups do not have,” Lubin affirmed. He stated that Linea “respects the native ecosystem” by using and burning Ether in every transaction, combined with burning LINEA tokens to increase benefits for holders.

With the goal of becoming an organization-friendly Layer 2, Linea is gaining attention from major institutions in America and internationally such as DTCC, Nasdaq, and Swift. Lubin also stated that Consensys will gradually decentralize the governance of Linea, which is currently operated by a coalition of Consensys, Eigen Labs, ENS, and many other partners.

“The Linea alliance has experienced partners closely tied to Ethereum. Many similar organizations will join, and we will announce them soon,” Lubin said.

SharpLink and ETH staking plan

In the coming year, Consensys will work more closely with SharpLink Gaming – the company managing the ETH fund chaired by Lubin – to expand the Linea ecosystem. SharpLink previously announced that it would stake a portion of the Ether it holds on this Layer 2.

“SharpLink will continue to accumulate ETH, and Linea will create risk-adjusted yield opportunities that the industry has never seen before,” Lubin stated. “Although SharpLink has not made an official announcement, I believe that a large amount of ETH will be staked on Linea, making EtherX and our other products the best place to deploy ETH on Layer 2.”

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