- New evidence suggests Ethereum co-founders and the SEC colluded not to classify ETH as security.
- The XRP community criticized the Ethereum development team, including Charles Hoskinson.
- Cardano Founder Charles Hoskinson clarified his involvement in the controversy.
The XRP community remains steadfast in its belief that the Ethereum development team bribed the Former SEC Director William Hinman, influencing his decision not to classify Ethereum as a security, leaving other crypto assets like Cardano and XRP in regulatory limbo.
Recent developments have brought forth new evidence, suggesting that Ethereum co-founder Joseph Lubin could have shaped Hinman’s stance on ETH’s non-security status. In reaction to the news, the XRP community scrutinized Ethereum founders, including Charles Hoskinson, with a barrage of allegations and disparaging comments.
Charles Hoskinson Clears the Air
In response to the accusations, Hoskinson swiftly addressed the issue, denying involvement in the Hinman Speech controversy. The rowdy founder expressed his frustration at being caught in the crossfire of the XRP community’s scrutiny.
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Despite Hoskinson’s role as a founder in Ethereum alongside Vitalik Buterin, Gavin Wood, Anthony Di Iorio, and Joseph Lubin, he clarified that he left the project in June 2014. Highlighting the timeline, the Cardano founder pointed out that Hinman’s email and other relevant facts emerged in 2018, four years after his departure.
While Hoskinson has recently reconciled with the XRP community, the two parties have a history of strained relations. Hoskinson, known for his contentious and bold remarks, is often embroiled in drama.
Notably, Hoskinson has previously dismissed claims of the SEC targeting XRP because of bribes, labeling such notions as ‘conspiracy theories.’ With fresh evidence highlighting Hinman’s connection with Ethereum, he might have to reconsider his stance.
On the Flipside
- Former SEC director William Hinman claimed he never communicated with anyone outside the SEC about the speech.
- An Ethereum co-founder recently accused Hoskinson of contributing nothing to Ethereum.
- In a recent hearing, SEC Chairperson Gary Gensler struggled to answer whether Ethereum should be considered a security or a commodity.
Why This Matters
Although Charles Hoskinson has denied his role in the Hinman speech controversy, the evidence can decide the fate of cryptocurrencies in the US by questioning the SEC’s credibility and motives in regulating the crypto industry.
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More on Cardano:
Cardano Regular: $0.3 Tug of War, “Ghostchain” Drama, Whales Active
More from Charles Hoskinson:
Cardano’s Hoskinson Slams U.S. Hypocrisy in Targeting Crypto
