Charles Hoskinson, the creator of Cardano, addressed ongoing rumours about conspiracies involving Ethereum’s alleged influence on the SEC during a recent YouTube video.
A significant segment of the outspoken cryptocurrency community has conjectured that the SEC’s decision to take action against XRP may have been influenced by Ethereum advocates. This suggests a possible bias in the regulatory body’s deliberations. Hoskinson’s remarks intended to shed light on the situation.
Facts over conspiracy theories
Hoskinson stressed the significance of separating out two main issues in his opening remarks. First, if the SEC gave Ethereum special consideration; second, if anybody or anything connected to Ethereum may have lobbied or influenced the SEC’s decision to take action against XRP.
He emphasised that these are distinct problems with distinct repercussions and should be handled as such. He advised the populace to make decisions based on facts and evidence rather than speculation.
In response to questions about his position, Hoskinson made it clear that he opposes corruption and any attempts to improperly sway public policy. The bitcoin billionaire has also emphasised that there is no proof—such as messages, pictures, or videos—pointing to any instances of misconduct.
He said that he has never thought of XRP as a security and that it would be pointless and maybe inaccurate to speculate about the SEC’s intentions without specific evidence. He emphasised the need of strong conversations within the crypto community based on reliable information and open sources as opposed to engaging in conspiracies.
Burying the hatchet with XRP fans
Hoskinson, who departed Ethereum in 2014, has consistently denied any connections to and implications from things that happened after he left. Although he acknowledged XRP’s victory over the SEC and expressed a wish for peace with the XRP community, he has expressed annoyance at being constantly linked to Ethereum’s post-departure activities. An unfounded conspiracy belief that the SEC favoured Ethereum over Ripple is at the heart of the disputes, according to Hoskinson. Brad Garlinghouse, CEO of Ripple, refuted the conspiracies but pointed to certain dubious optics involving prominent SEC players.
