Cardano founder Charles Hoskinson’s latest comment on the XRP’s stance that Hinman had a conflict of interest with Ethereum authorities while in office, caused quite a stir in the community.
Hoskinson who is known for his blunt response found himself at odds with the XRP fans as he slammed the claims as a “grand conspiracy”, in a podcast on Friday. According to him,
“The XRP community tried to invent this grand conspiracy that there was blatant corruption between the insiders at the SEC and Ethereum. I don’t honestly think that that’s the issue here.”
Following that, an XRP user by the name of @digitalassetbuy, stated that he thinks Hoskinson “is a good guy,” but this time he got this “wrong”. The user then called for an open discussion to distinguish between conspiracies and facts.
Hoskinson’s “conspiracy” remark was also refuted by John E. Deaton, an XRP representative, who claimed that Hinman had broken the law regarding criminal conflict and that Hoskinson’s comment on the subject was misleading.
Cardano Founder Blames Gov’s Negligence To Enact New Laws
The founder of the Cardano blockchain penned his disappointment in a 16-part Twitter thread and said that “analyzing the claims of corruption tends to imply that Ethereum should also be sued by the SEC but wasn’t because of relationships.”
Recently, the most surprising thing to me has been how hard I’m being hit by some on the XRP side for my recent comments on their SEC issues. I’ve always been of two minds here and I guess some nuance is required to explain, which the internet always lacks.
He also thinks that the whole XRP incident shouldn’t have happened since it is bad for the sector and that regulation through enforcement is also not good. The Cardano head further charged the government’s legislative branch with negligence for failing to enact new legislation to address the effects of emerging technologies.
Ripple defendants have argued that William Hinman, a former director of corporation finance at the SEC, had a conflict of interest while he was there.
Despite considering ETH to be a non-security, Ripple supporters maintained that Hinman planned more meetings with Ethereum officials than with representatives from other cryptocurrency startups, citing his SEC calendar from that time.
