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HomeNewsCharles Hoskinson Clarifies Ripple and XRP Controversy

Charles Hoskinson Clarifies Ripple and XRP Controversy

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  • As a former Ethereum co-founder, Hoskinson highlighted personal connections and informal agreements as possible factors in regulatory leniency.
  • The controversy highlights the importance of factual dialogue in the blockchain industry, rather than speculative and unfounded accusations.

Charles Hoskinson, founder of Cardano, recently addressed questions surrounding the controversy involving Ripple and its crypto, XRP. The situation arose from a demand that Hoskinson apologize to both the Ripple team and the XRP user community. 

He responded by explaining that his previous statements had been misinterpreted, which led to prolonged public criticism and even calls for legal action against him based on accusations without evidence.

The controversy includes a theory that the U.S. Securities and Exchange Commission (SEC) favored Ethereum over Ripple in its regulatory stance. Hoskinson has refuted this theory, describing it as baseless and lacking solid proof. He pointed out Ethereum’s origin as an $18 million initial coin offering, hinting that its early regulatory treatment might have been swayed by personal connections and informal agreements.

Related: Ripple CTO vs. Cardano Founder on Regulatory Matters: Exploring ETH Gate Debates Amid Consensys Lawsuit Fallout

Hoskinson also noted the distinct differences between Ethereum and Ripple, emphasizing that they operate in separate realms of the smart contract market and are not direct competitors.

His insights are shaped by his experience as both the creator of Cardano and a former founding member of Ethereum. He joined the Ethereum project in late 2013 but was removed from the team by Vitalik Buterin and others in 2014.

Read more: Cardano (ADA): Scaling Heights Post-Bitcoin Halving – What’s the Peak?

This discussion sheds light on the complexities of blockchain regulation and the intricate dynamics within leading cryptocurrency projects. Hoskinson’s comments aim to clarify the misunderstandings and refocus the community’s attention on factual and productive discussions rather than speculative accusations.

Cardano (ADA) is currently trading at $0.4605 USD, with a 24-hour range of $0.45372 to $0.463592 USD.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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