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Cardano Founder and XRP Community Are at it again – Crypto News

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3 years ago

November 30, 2023

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The truce between Cardano founder, Charles Hoskinson and members of the XRP Community is currently being threatened following the recent spat on X over the role of Ethereum’s core developer Joseph Lubin in the regulatory crackdown on Ripple Labs Inc. by the United States Securities and Exchange Commission (SEC).

Cardano Founder and XRP Community Truce Broken

The root of the current spat stems from a recent interview granted by Hoskinson in which he tasked leaders in the community to stop spreading “conspiracy” theories over the alleged bribery of SEC officials to go after XRP through Ripple Labs while giving Ethereum and Bitcoin a free pass.

XRP Community member Mr Huber (@Leerzeit) called out Hoskinson for painting the community in a way that makes them look ridiculous and embarrassing to the public. Hr Huber said the Cardano Founder has done this over the past 2 years despite his offering of peace.

Responding, Hoskinson maintained his position saying that irrespective of the social volume of posts shared on this matter, it does not negate the fact that there is no evidence to substantiate the claims that Joseph Lubin, ConsenSys founder sold out XRP as the community claims.

For the argument that Joe bribed the SEC to go after XRP that is the conclusion. That is the entire point of calling it a grand conspiracy. The free pass has nothing to do with the case against Ripple. They are unrelated events. Two years now and you haven’t provided any evidence…

— Charles Hoskinson (@IOHK_Charles) November 30, 2023

Charles Hoskinson said while waiting for evidence from the XRP community, he will maintain his position that the claims Ethereum was favored at the expense of XRP remain untrue.

Conflict of Interest at the SEC?

Connecting the odds between XRP, Ethereum, and the SEC relationship at the time the SEC lawsuit was filed is a strong debate in the crypto ecosystem today, with many pro-crypto lawyers sharing their takes on the matter. The conflict of interest that John Deaton has pointed out now stems from the relationship between Jay Clayton’s law firm Sullivan & Cromwell and ConsenSys, whose fortune rests entirely on Ethereum.

With Jay Clayton stepping away from his role at the SEC days after the historic Ripple Lawsuit was filed to join One River Asset Management, a firm with deep stakes in Bitcoin (BTC) also lends credence to the assumption that the crackdown on XRP at the time had more to do than just matters of the law.

Ironically, Cardano (ADA) has also been marked by the SEC as an investment contract, a positive that places Charles Hoskinson in the same position that Brad Garlinghouse was back in December 2020.