• Recent evidence suggests Ethereum co-founders and the SEC colluded not to classify ETH as security.
• XRP community criticized Ethereum development team, including Charles Hoskinson.
• Cardano Founder Charles Hoskinson clarified his involvement in the controversy and denied any involvement in the Hinman Speech controversy.
Controversy Over Classification of Ethereum
Recent evidence suggests that Ethereum co-founders and the SEC colluded in order to avoid classifying ETH as a security. This has left other crypto assets like Cardano and XRP in regulatory limbo, causing the XRP community to criticize the Ethereum development team, including Charles Hoskinson.
Hoskinson Denies Involvement
Cardano founder Charles Hoskinson addressed these allegations by clarifying that he had left the project in June 2014 – four years before William Hinman’s email on ETH’s non-security status emerged. He pointed out that any claims of him being involved with this were false. Despite having reconciled with the XRP community recently, there is a history of strained relations between both parties due to his past dismissive remarks about SEC targeting XRP because of bribes being ‘conspiracy theories’.
Evidence Suggests Collusion Between Ethereum Co-Founders and Former SEC Director William Hinman
Evidence has surfaced suggesting Joseph Lubin may have played a role in shaping William Hinman’s stance on ETH’s non-security status. The news sparked outrage from within the XRP community who directed their criticism towards members of the Ethereum development team, which included Charles Hoskinson himself.
What Does This Mean?
If this evidence holds true, it could mean that there was an implicit agreement between former SEC director William Hinman and Joseph Lubin for classifying ETH as a non-security asset, leaving other crypto assets like Cardano and Ripple (XRP) at regulatory risk . It would also force Hoskinson to reconsider his previous dismissive stance towards accusations of bribery within cryptocurrency markets since he was implicated as part of the Ethereum development team during this time period.
In conclusion, recent developments have suggested collusion between former SEC Director William Hinman and Joseph Lubin over classification of ETH as a security or not , leaving other crypto assets like Cardano and Ripple (XRP) at potential regulatory risk . While Charles Hoskinson has denied any involvement in this situation , it could still force him to reconsider his past remarks about accusations of bribery within cryptocurrency markets since he was implicated as part of the Ethereum development team during this time period .