Cardano Founder Charles Hoskinson Stirs Controversy with XRP Community in Twitter Spat
Cardano founder Charles Hoskinson has once again sparked controversy within the XRP community with a series of tweets defending his position on the SEC’s case against Ripple. In these tweets, Hoskinson pushed back against the idea that the entire SEC was unified against Ripple due to Ethereum insiders bribing them. He pointed out that other companies, such as Coinbase, Kraken, and Tron, have also faced regulatory scrutiny.
That was my statement. It’s always been my statement. The XRP community has manipulated it to a lie that is beyond recognition. They now mock and hate me. I stand by my original statement. There is nothing more to say on this topic
— Charles Hoskinson (@IOHK_Charles) May 8, 2023
The conversation on Twitter quickly became heated as members of the XRP community questioned Hoskinson’s statements. One user, @CryptoCraicHead, accused him of being disingenuous and promoting a narrative. Hoskinson responded by saying that the XRP community had manipulated his words and now “mock and hate” him.
This conflict is not new. Hoskinson’s involvement with the XRP community dates back to December 2022, when he made a comment about the Ripple case during a discussion about whether Cardano’s native cryptocurrency could be considered an unregistered security in the US. He was accused of lying by members of the XRP community when a rumor he shared turned out to be false.
Hoskinson has made it clear that he does not consider XRP to be an unregistered security and does not believe there was any corruption involved in the case. He believes that Ethereum received more lenient treatment from the SEC because of its size and scope. Despite this, he claims that he has continuously been targeted by the XRP community for his refusal to support their conspiracy theories.
The reason some people in XRP are frustrated with you is because you labeled us conspiracy theorists despite us having seen video & documents as evidence of Hinman & Clayton’s conflicts of interest favoring ETH
Anyone that said it was the entire SEC was speaking hyperbolically &…
— The Bearable Bull (@thebearablebull) May 8, 2023
In a December video statement, Hoskinson expressed his frustration with the relentless attacks from the XRP community and announced his intention to distance himself from discussions involving XRP and Ripple. The recent tweets have reignited tensions between Hoskinson and the XRP community, suggesting that this conflict is far from over.
As the cryptocurrency space continues to evolve and mature, it is essential for stakeholders to engage in respectful and constructive dialogue. While disagreements are inevitable, personal attacks and conspiracy theories do not advance the industry’s interests. The community should focus on fostering a culture of collaboration and transparency to ensure the long-term success of the sector.
Read more:
- Charles Hoskinson Calls Out Credit Suisse’s Disapproving Attitude Towards Cryptocurrency
- Cardano Founder Charles Hoskinson Addresses Misconceptions Surrounding Contingent Staking Proposal