Vitalik Buterin Converts Meme Coins to ETH, Donates $1M to Crypto Policy Group

Vitalik Buterin made waves in the crypto world on November 27 by converting meme coins he had received into 22.89 ETH, worth around $76,500.

The Ethereum co-founder then went on to donate 320 ETH (about $1.07 million) to Coin Center, a prominent nonprofit dedicated to cryptocurrency policy advocacy.

This move highlights Buterin’s perspective on meme coins and his commitment to supporting educational and policy initiatives in the crypto space. Buterin, much like Binance’s Changpeng Zhao, has discouraged the unsolicited sending of meme tokens to his wallet, instead suggesting that such funds be donated to meaningful causes that drive positive change.

The donation to Coin Center is a strong affirmation of Buterin’s dedication to advancing regulatory clarity and protecting the principles of decentralization.

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Coin Center, based in Washington D.C., focuses on ensuring the protection of individuals’ rights to use open blockchain networks such as Bitcoin and Ethereum. Through research, policy advocacy, and legal action, the organization plays a vital role in shaping balanced cryptocurrency legislation. Buterin’s contribution will help strengthen their ongoing efforts.

Alexander Stefanov