- Debate between Ripple’s David Schwartz and Cardano’s Charles Hoskinson over Ethereum’s regulatory influence.
- The ‘ETHgate’ controversy questions the SEC’s favoritism towards Ethereum.
In a recent clash of cryptocurrency titans, Ripple CTO David Schwartz and Cardano [ADA] Co-founder Charles Hoskinson ignited a heated debate surrounding the fate of Ripple’s XRP.
The heated exchange delved into conspiracy accusations revolving around Ethereum [ETH] Community influence on regulatory actions targeting XRP.
It all started when Hoskinson addressed claims that people in the Ethereum community influenced the rules around XRP.
This unexpected move has raised eyebrows, hinting at possible SEC preferential treatment towards Ethereum.
However, Hoskinson vehemently dismissed these claims as baseless conspiracy theories, highlighting the lack of concrete evidence to support such claims.
The clash of words
Otherwise, https://twitter.com/JoelKatz/status/1784680727742963831 He criticized Hoksinson’s comments and addressed former SEC official William Hinman’s possible financial interests in Ethereum.
He said,
“So Hinman wasn’t intimately involved? Didn’t he have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?
Needless to say, Hoskinson accused Schwartz of spreading false information.
Expressing his apprehension for the same, https://twitter.com/StevenNerayoff/status/1785083394646294921noted the former Ethereum advisor,
“It is plausible that Ethereum did not need to bribe the SEC since @JoelKatz exposed the common interests of the players. What is implausible is to say that there is no connection between the vast disparity in the SEC’s treatment of Ethereum and Ripple.”
Previous instances
Well, this is not the first time such a debate has occurred.
Schwartz and Hoskinson have previously clashed over the interpretation of comments made by former SEC official William Hinman, sparking what is now known as the ‘ETHgate’ controversy.
The debate centers on accusations of Ethereum influencing regulatory decisions regarding Ripple’s XRP.
These comments laid the groundwork for the current dispute between Ethereum and Ripple and raised a question: What What implications will the ‘ETHgate’ controversy have on crypto regulations?
Source: David “JoelKatz” Schwartz/ Twitter
Echoing similar sentiments, one X user, @TheFATEof2021, noted:
Altcoin price
It is noteworthy that despite the ongoing dispute, there has been no direct impact on the price action of XRP or ADA.
As of the last update, XRP saw a rise of 2.15%, while ADA saw a jump of 1.08%. However, ETH appeared to be on a bearish finish, falling 0.32% in the last 24 hours.
Therefore, while the outcome of this dispute remains uncertain, its potential implications for the future of cryptocurrencies remain unresolved.
This is an automatic translation of our English version.
