Ethereum

Cardano

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/cardano-founder-decodes-secs-over-planned-strategy-in-xrp-lawsuit/">Cardano Founder Decodes SEC’s Over-Planned Strategy In XRP Lawsuit</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>It’s so clear that over the years, XRP has grown to be one of the most talked about tokens but also one of the most fearless tokens. Charles Hoskinson can’t stop talking about ETHGate &amp; the XRP Community. Do you ever wonder why? It all started with the endless backlash he faced from the community on rumored comments on the ETH floodgate theory. After denying such claims, here’s what he says about the SEC’s manipulative role in the XRP lawsuit.&nbsp;</p>
<p>Cardano founder Charles Hoskinson has weighed in on the XRP lawsuit, believing that XRP should not be considered a security. He addressed concerns about potential bias in the SEC’s decision-making process, emphasizing the need for concrete evidence to support such claims. On the flip side, Hoskinson has tried all the means to settle his scores with the XRP community, and with this support, will it avert the storm of reactions from XRP fans? Let’s take a look.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-charles-hoskinson-s-mending-ties-with-xrp-fans-while-defending-sec-strong"><strong>Charles Hoskinson’s Mending Ties with XRP Fans While Defending SEC?&nbsp;</strong></h2>
<p>Cardano Founder Charles Hoskinson has significantly intervened in the ongoing XRP lawsuit, asserting that XRP should not be categorized as a security. Hoskinson addressed two pivotal concerns within the lawsuit: first, whether Ethereum received preferential treatment from the SEC, and second, if individuals linked to Ethereum influenced the SEC’s decision against XRP. Hoskinson called for concrete evidence regarding the latter claim, emphasizing the necessity of a “smoking gun” to substantiate such allegations. He maintained his stance that XRP is not a security and noted his consistent belief in this over the years. He also rooted for XRP to win.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">This is the great irony of conspiratorial thinking. It's spreads to every thought and association like a disease. I left Ethereum in June of 2014. The books written about it definitely are not polite. Yet suddenly I'm involved with things that happened years later during my… <a href="https://t.co/phXCXDJ0Yq" rel="noopener noreferrer nofollow">https://t.co/phXCXDJ0Yq</a> <a href="https://t.co/xeTyyodWHu" rel="noopener noreferrer nofollow">pic.twitter.com/xeTyyodWHu</a></p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1713419814125830204?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 15, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Plus, he strongly opposes corruption and manipulating government policies. However, the Bitcoin mogul claims no evidence of corruption, including texts, images, or videos.</p>
<p>Despite his support for XRP, Hoskinson’s relationship with the XRP community has been marked by occasional disagreements. He playfully engaged with the community about their ETHGate theories, prompting some to speculate about his involvement. However, Hoskinson dismissed the conspiracy hypothesis, underlining his departure from Ethereum in 2014 and his lack of influence on decisions regarding Ethereum’s regulatory status. According to Ripple CEO Brad Garlinghouse, conspiracy ideas are unfounded but highlight several SEC executives’ actions.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Ripple CTO slams Charles Hoskinson over SEC’s ETH ‘favoritism’</p>— Bradicoin (@Bradicoin10) <a href="https://twitter.com/Bradicoin10/status/1714115407068459281?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 17, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-in-the-meanwhile-staking-high-on-xrp-price"><strong>In the meanwhile, Staking High on XRP Price…</strong></h2>
<p>The future of XRP hangs in the balance. Maintaining a position above $0.473 could pave the way for an upward surge, potentially influencing traders and investors. However, a drop below this critical support level may trigger sell-offs and introduce fresh challenges for the cryptocurrency. The stakes are high for XRP’s next moves.</p>

Cardano Founder Decodes SEC’s Over-Planned Strategy In XRP Lawsuit

Table of Contents

CoinPedia News

Other articles published on Oct 17, 2023

AEO Stock Forecast: Can (NYSE: AEO) Make New Peaks By Year End?

Critical Cryptocurrency Warning from the European Union SEC: “There is No Such Thing as Safe Cryp...

Within the top Bitcoin hodlers with over $5 billion in BTC is the US government: Report

Bank of America Stock: BAC Stock Price Struggling to Rebound?

Fantom Foundation Exploit – How Hackers Stole Nearly $7M Right Under Their Noses

Solana (SOL) Price Analysis: Will the Bullish Momentum Continue?

Join our free newsletter for daily crypto updates!