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Charles Hoskinson vs XRP: Cardano CEO criticizes XRP and faces criticism

Fast Take
  • Hoskinson criticizes XRP community and faces backlash from influential members.
  • Accusations of corruption and favoritism shake the crypto market.
  • Debate over SEC regulation highlights deep divisions in the crypto community.
Charles Hoskinson vs XRP: Cardano CEO criticizes XRP community and faces criticism
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Charles Hoskinson, the visionary behind Cardano, has found himself at the epicenter of a fervent argument with the XRP community. The origin of this controversy? A trenchant critique from a prominent member of the XRP community known as Mr. Huber on Hoskinson's past comments involving Ripple and allegations of misconduct by the US Securities and Exchange Commission (SEC).

The crux of the issue refers to a compilation of videos released by Huber, where Hoskinson classifies the XRP community as prone to conspiracy theories. This accusation arose in the context of Ripple's criticism of the company's stance SEC and suspicions of favoring Ethereum.

Huber, in a reproachful tone, expressed his outrage on Twitter: “I'm sorry, @IOHK_Charles, but for two years you did everything you could to make the #XRP community look ridiculous and embarrass us in public,” and added, “I I know you offered peace, but to just come out of nowhere and call us crazy conspiracy theorists again. No, look at you. It’s funny what can happen in a year, isn’t it?”

The controversy deepens with Huber's accusation of Hoskinson minimizing and covering up the alleged corruption of Joseph Lubin, co-founder of Ethereum, to promote his own cryptocurrency, Cardano. According to Huber, such a strategy ended up backfiring on Hoskinson, with the SEC classifying Cardano's native token, ADA, as a security.

Hoskinson, in turn, did not refrain from hitting. He refuted allegations of bribery involving Joe Lubin and the SEC, emphasizing the absence of concrete evidence. In a tweet, he stated: “Still waiting for a single piece of evidence for the last one. If you can't provide it, then yes, you are spreading conspiracies and slander. That's what it's been about for two years. And somehow you still fight.”

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Additionally, Hoskinson clarified that his rejection of the Ripple community's allegations is not related to the supposed “free pass” that Ethereum received from the SEC.

This exchange of barbs did not go unnoticed, attracting attention and criticism from other members of the XRP community. At the same time, Hoskinson also pointed fingers at Bitcoin enthusiasts, accusing them of exerting influence with American government agencies to marginalize any cryptocurrency other than Bitcoin.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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