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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/how-the-federal-reserve-j-p-morgan-and-ethereum-allegedly-conspired-against-xrp/">How the Federal Reserve, J.P. Morgan, and Ethereum Allegedly Conspired Against XRP</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In an explosive series of recent revelations, Linda Jones, a best-selling author and influential voice within the XRP community, has put forth claims that have sent shockwaves through the world of cryptocurrencies.</p> 
<p>Jones alleges that the United States Federal Reserve, banking giant J.P. Morgan, and Ethereum conspired against XRP, Ripple’s cryptocurrency, to undermine its position in the crypto landscape. Her allegations came to light just as reports exposed a link between Ethereum, China, and Prometheum.</p> 
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   <p lang="en" dir="ltr">In the early days, Buterin, Tron and other people appeared at the Ripple office as interns and employees. It now appears they were sent by the Fed and China. <a href="https://t.co/qaSAl3XodL">https://t.co/qaSAl3XodL</a><br><br>The Fed banks knew Ripple would create a level playing field which would take their power 1/8</p>— Linda P. Jones (@LindaPJones) <a href="https://twitter.com/LindaPJones/status/1672260293878235136?ref_src=twsrc%5Etfw">June 23, 2023</a>
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<h2 class="wp-block-heading" id="strong-a-confluence-of-tech-giants-and-government-institutions-strong"><strong>A Confluence of Tech Giants and Government Institutions</strong></h2> 
<p>According to Jones, bigwigs from the crypto sphere, such as Ethereum founder Vitalik Buterin and individuals tied to Tron, were actually emissaries from the Federal Reserve and China when they appeared at Ripple’s headquarters as interns and employees.</p> 
<p>This follows Matt Hamilton, a former director at Ripple, suggesting that Buterin once sought an internship at Ripple, as previously reported by The Crypto Basic.</p> 
<p><strong>“Project North Star”: The Threat of Ripple’s Technology?</strong></p> 
<p>Jones’s allegations go deep into the inner workings of power. She asserts that the Federal Reserve banks, recognizing the potential of Ripple’s technology to create a fair and level playing field, saw it as a menace to their authority within the financial system.</p> 
<p>She claims that in response to this perceived threat, they initiated “Project North Star,” a strategy to construct a crypto ecosystem. This involved building a “safe harbor” that would favor their asset over XRP by positioning it as adequately decentralized while labeling XRP as a centralized entity.</p> 
<h2 class="wp-block-heading" id="strong-connecting-the-dots-the-ethereum-j-p-morgan-nexus-strong"><strong>Connecting the Dots: The Ethereum-J.P. Morgan Nexus?</strong></h2> 
<p>Adding another layer to her allegations, Jones pointed to a possible link between Ethereum’s Buterin and the global banking institution, J.P. Morgan.</p> 
<p>According to her, Buterin, along with a group of investors, raised a significant sum through an Initial Coin Offering (ICO) to kickstart Ethereum. To substantiate her claims, Jones cited a Protos article from March 2022, which states that J.P. Morgan holds sway over and benefits from Meta Mask and Infura, two protocols that are foundational to Ethereum’s infrastructure.</p> 
<p>In a fascinating twist, Jones underscored how Warren Buffett, J.P. Morgan’s CEO, publically denounced Bitcoin as a fraud while the bank was clandestinely developing its cryptocurrency. J.P. Morgan launched its digital asset Onyx in 2020, a fact seemingly at odds with Buffett’s crypto-critical stance.</p> 
<p>This was a carefully crafted ruse to deflect attention from their activities and secure an edge in the crypto arena. She drew attention to J.P. Morgan’s acquisition of stakes in Consensys, Meta Mask, and Infura, suggesting that the bank created Onyx to compete with XRP and Ethereum.</p> 
<h2 class="wp-block-heading" id="h-murky-waters-u-s-regulatory-uncertainty"><strong>Murky Waters: U.S. Regulatory Uncertainty</strong></h2> 
<p>Jones also tackled the issue of the U.S.’s unclear stance on crypto regulations. She accused Congress and the Securities and Exchange Commission (SEC) of purposefully sidestepping the introduction of comprehensive cryptocurrency laws.</p> 
<p>In her view, this regulatory uncertainty is a calculated move to allow Wall Street and banking institutions to manipulate the markets and amass huge profits through practices such as price manipulation and insider trading. Jones warns that an ongoing audit in Switzerland might reveal more evidence of such machinations by exposing an illegal transfer involving Consensys.</p>

How the Federal Reserve, J.P. Morgan, and Ethereum Allegedly Conspired Against XRP

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