A member of the Ripple community has called out Cardano founder Charles Hoskinson for helping him get off the rails XRP growth Through the ETHgate saga. In response, Hoskinson defended himself, stating that it was impossible for him to be involved in the XRP lawsuit.
Cardano founder accused of obstructing XRP growth
in Share XRipple community member, Weno, opined that the founder of Cardano was involved in ETHgate, which negatively affected the growth of XRP. ETHgate includes allegations that the US Securities and Exchange Commission favored Ethereum over XRP by declaring that the former was not a security. Eventually, the commission also filed a lawsuit against Ripple, arguing that XRP was a security.
This significantly impacted XRP’s growth as the altcoin remained stagnant during most of the lawsuits and failed to record any significant gains even during the 2021 bull run. XRP and Ethereum It was notably ranked as the largest altcoin by market cap at the time, making it a direct competitor and sparking speculation that ETHgate was aiming to undercut XRP.
Meanwhile, in response to allegations that he was involved in ETHgate, Founder of Cardano He noted that he was “kicked” from Ethereum in June 2014. He added that since then, they have spent 12 years attacking him. As such, he wondered how, years later, he decided to coordinate with them to help Ethereum attack XRP.
It is worth noting that the founder of Cardano was one of the founders of Ethereum but left in June 2014 due to disagreements with Ethereum. Vitalik Buterin And other founders. since then, Hoskinson criticized Ethereum On several occasions, including once predicting that the network would not survive the next 10 to 15 years.
Wino, who accused the Cardano founder of being part of ETHgate, later said open His accusation is based on rumors and he hopes the truth will come out one day. He added that he was encouraging the passage of the CLARITY Act, so that both ADA and XRP can record equivalent highs.
Focus on the law of clarity
Wino’s accusations arose from a discussion The law of clarityWhere he was the founder of Cardano to caution That cryptocurrency bill was far from perfect. He also noted that, under the bill, there is a risk that the SEC will classify new cryptocurrency projects as securities. However, John Deaton, a pro-XRP attorney, previously stated that failure to pass the cryptocurrency bill could lead to “Gensler 2.0.”
The CLARITY Act was introduced to the full Senate last week as the Senate Banking Committee voted in favor of the bill. The Cryptocurrency Market Structure Bill will provide regulatory clarity for crypto assets such as XRP and Cardano, classifying them as commodities. However, Ripple CEO Saw Brad Garlinghouse That XRP will be fine whether the cryptocurrency bill passes or not, as Judge Analisa Torres has already ruled that cryptocurrency is not a security.
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