Cardano Founder Debunks Corruption Conspiracy Between Ethereum and SEC in Ripple Case
Charles Hoskinson, the creator of the Cardano blockchain ecosystem, has once again addressed the issue of fraud in the SEC v. Ripple case.
The cryptocurrency creator has previously engaged in similar conflicts with XRP community members and even Ripple executives. Hoskinson is one of the five original co-founders of Ethereum, the primary benefactor of XRP’s legal difficulties.
The founder of Cardano reiterated that all the rumours regarding the U.S. Securities and Exchange Commission being controlled by Ethereum and bribed to go after Ripple and XRP are conspiracy theories and have never occurred.
The origin of these reports is former SEC chairman William Hinman’s assessment that ETH is a cryptocurrency and not a security due to its high degree of decentralization. Later, it was found that Hinman’s legal company got $1.6 million from the Enterprise Ethereum Alliance at the same time. Then there was the lawsuit filed against Ripple and the aim of the regulator to recognize XRP as a security.
In addition to restating his stance on the corruption problem, Hoskinson estimated when the SEC v. Ripple case may be resolved. So, in response to inquiries during a live broadcast, the developer of Cardano mentioned speculations that the trial might conclude as early as the 15th of December.