Charles Hoskinson’s Stance on XRP Lawsuit
Charles Hoskinson, the founder of Cardano, has expressed his opinion on the XRP lawsuit, stating that XRP should not be considered a security. In a recent recording, Hoskinson discussed the intricacies of the case and criticized the approach taken by the U.S. Securities and Exchange Commission (SEC) in regulating cryptocurrencies.
Hoskinson’s View on Ethereum’s “Free Pass”
Hoskinson acknowledged two main concerns related to the ongoing XRP lawsuit. Firstly, there were allegations that Ethereum had received a “free pass” from the SEC and was not scrutinized as a security. Secondly, there were claims that individuals associated with Ethereum had influenced the SEC’s decision to target XRP.
However, Hoskinson refrained from delving deep into the “free pass” issue, citing the difficulty of proving or disproving such claims. He compared it to other controversial matters where investigations seemed to be absent.
The Need for Concrete Evidence
Hoskinson called for concrete evidence to support the claim that individuals connected to Ethereum influenced the SEC’s actions against XRP. He emphasized the need for a “smoking gun” in the form of emails, audio recordings, video footage, or whistleblower testimonies. Without this evidence, he dismissed these claims as unsupported conspiracy theories.
Furthermore, Hoskinson reiterated his belief that XRP should not be classified as a security, emphasizing his consistent stance on this matter throughout the years.
Playful Exchange with XRP Community
Despite supporting XRP, Hoskinson’s relationship with the XRP community has been turbulent. In response to ongoing ETHGate theories within the XRP community, he playfully stirred up controversy by mentioning his enjoyment of creating memes related to the XRP ETHGate. In response, the XRP community accused him of being involved in alleged ETHGate corruption. However, Hoskinson dismissed these claims as conspiratorial thinking and clarified that he had distanced himself from Ethereum since 2014.
Hot Take: Charles Hoskinson’s Perspective on XRP Lawsuit
Charles Hoskinson, the founder of Cardano, believes that XRP should not be considered a security. He has raised concerns about the SEC’s approach in regulating cryptocurrencies and called for concrete evidence to support claims of influence by individuals associated with Ethereum. Despite some controversy with the XRP community, Hoskinson continues to express his support for XRP while dismissing allegations against him as conspiratorial thinking. His perspective adds to the ongoing debate surrounding the classification of XRP and the actions taken by regulatory authorities.
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