In a recent YouTube broadcast, Charles Hoskinson, the founder of Cardano, managed Persistent conspiracies within the XRP community related to Ethereum’s alleged influence over the SEC.
A growing section of the vociferous crypto community has speculated that Ethereum backers may have played a role in the SEC’s decision to take action against XRP. This implies possible bias in the decision-making process of the regulatory body. Hoskinson’s comments were intended to provide clarity on the matter.
Facts about conspiracy theories
Hoskinson began by emphasizing the importance of distinguishing between two main concerns. Firstly, whether Ethereum received preferential treatment from the SEC and secondly, whether individuals or entities associated with Ethereum could have pressured or influenced the SEC’s decision to take action against XRP.
He stressed that these were separate issues, with different implications, and should be treated as such. He urged the community to base their judgments on facts and evidence rather than conjecture.
In addressing his stance, Hoskinson explicitly mentioned that he does not condone corruption and disapproves of any attempt to improperly influence government policy. At the same time, the cryptocurrency magnate stressed that there is no evidence, such as texts, photographs or videos, that could indicate cases of corruption.
Furthermore, he noted that he never considered XRP to be a security and felt that making definitive statements about the SEC’s motivations without concrete evidence would be unproductive and potentially misleading. He highlighted the need for robust debates within the crypto community based on valid data and transparent sources rather than falling into conspiracy theories.
Burying the hatchet with XRP fans
Hoskinson, who left Ethereum in 2014, has repeatedly refuted links and implications related to events following his departure. Despite expressing his desire for peace with the XRP community and acknowledging XRP’s victory against the SEC, he has shown frustration over continued associations with events following Ethereum’s exit. Central to the tensions is a conspiracy theory that the SEC showed undue favoritism toward Ethereum over Ripple, which Hoskinson considers unfounded. Ripple CEO Brad Garlinghouse did not endorse the conspiracy theories, but pointed out some questionable optics involving key SEC figures.
