Ethereum ETH/USD co-founder Charles Hoskinson who is also the founder of Cardano ADA/USD pointed to a statement from U.S. Secretary of State, Antony Blinken, on Ukraine’s membership of NATO.
What Happened: Hoskinson asked on X, formerly, Twitter, “So does this mean we are going to war with Russia? Article 5 would compel us to immediately go to war.”
The cryptocurrency personality also shared a link to Article 5 of NATO which states that “if a NATO Ally is the victim of an armed attack, each and every other member of the Alliance will consider this act of violence as an armed attack against all members and will take the actions it deems necessary to assist the Ally attacked.”
Blinken confirmed on Thursday in Brussels that Ukraine will eventually join NATO. He stated that the support for Ukraine’s membership remains “rock solid” among NATO member states. “Ukraine will become a member of NATO. Our purpose at the summit is to help build a bridge to that membership,” Blinken told reporters, reported Reuters.
This confirmation underscores the U.S.’s commitment to Ukraine’s security and sovereignty, amidst ongoing geopolitical tensions.
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Why It Matters: Blinken’s announcement comes in the backdrop of escalating tensions between NATO and Russia. In February, Russian President Vladimir Putin threatened nuclear strikes if NATO troops aided Ukraine. This threat was seen as a significant escalation in the ongoing geopolitical conflict.
More recently, the Kremlin declared a state of “direct confrontation” with NATO. This statement was made as the U.S.-led alliance celebrated its 75th anniversary.
In 2022, Ethereum co-creator Vitalik Buterin condemned Russia’s decision to attack Ukraine, expressing sadness and solidarity with Ukraine. His statement followed Putin’s announcement of military action. Notably, Buterin is of Russian origin. He visited war-torn Ukraine the same year to attend the Kyiv Tech Summit as an act of solidarity.
Price Action: Ethereum was seen trading 0.5% higher at $3,296.45 at the time of writing, according to data from Benzinga Pro.
Photo by Kanchanara on Unsplash
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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