Charles Hoskinson, the founder of Cardano crypto project, recently commented on the conspiracy theory of the US Securities and Exchange Commission (SEC) receiving a bribe from Ethereum insiders to launch an attack on Ripple and XRP. On the episode of the Thinking Crypto podcast last October, Hoskinson remarked that the opinion held by some members of the XRP community that the entire SEC had been influenced by Ethereum was a “grand conspiracy”.

Recently, Stefan Huber, a crypto influencer reignited the debate on the matter in a series of tweets: Huber suggested that Hinman’s remarks on Ethereum not being a security and the SEC’s actions against Ripple are not coincidental but rather a result of collusion between Hinman and Ethereum insiders. Hoskinson responded to Huber's remarks by clarifying that his earlier comments on this matter stated that it was a conspiracy theory to assume the entire SEC had united against Ripple. According to Hoskinson, his remarks had been twisted by the XRP community into a false statement.

Hoskinson goes on to point out that the recent SEC investigations against other digital currency exchanges and companies such as Coinbase, Kraken, Bittrex and Tron, further invalidate the belief that the agency is only united against Ripple. He further noted that he stands by his original statement and that the XRP community had manipulated it to a lie beyond recognition.

Given the current SEC regulations regarding digital currencies in the US, all digital asset platforms are at risk of facing legal action, including Ripple and its XRP coin; however, the recent investigations suggest that the SEC is taking a more dynamic approach. Without clear guidance from the SEC regarding the regulations and guidance of digital assets, the market remains uncertain and largely unregulated, likely to lead to continued debate on the matter.



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