Charles Hoskinson Clarifies Stand on Ripple and XRP Community

Charles Hoskinson, the creator of Cardano (ADA), recently addressed the ongoing debate regarding his relationship with Ripple and the XRP community. The dispute has been ongoing for some time, fueled by recent discussions surrounding the ETH Gate conspiracy theory, which alleges preferential treatment by the SEC towards Ethereum over Ripple.

Charles Hoskinson firmly rejected claims of favoritism towards Ethereum by the SEC, labeling them as unsubstantiated speculation. He acknowledged the regulatory disparities between Ethereum and Ripple but emphasized that Ethereum’s actions did not influence the SEC’s actions against Ripple and XRP.

Hoskinson’s Response to ETH Gate

While recognizing Ethereum’s relatively small ICO compared to Ripple’s, Charles Hoskinson refrained from speculating on the reasons behind potential regulatory leniency. He stressed the distinct functionalities of both platforms, asserting that they do not directly compete in the smart contract space.

Hoskinson’s unique perspective on the issue may stem from his involvement in both Cardano and Ethereum. One of Ethereum’s co-founders removed him from the organization in 2014. This dual involvement likely shapes his understanding of the dynamics between the two communities.

Community Reactions and Calls for Apology

In response to calls for an apology from the XRP community, Charles Hoskinson pointed out that they had misinterpreted past statements, resulting in harassment and baseless accusations of corruption. He asserted that these allegations lacked evidence and were unfounded.

Why? They misrepresented my statements, publicly harassed me for years, and even advocated that I be thrown in prison for unspecified "corruption"
— Charles Hoskinson (@IOHK_Charles) May 5, 2024

Despite calls for reconciliation, both parties are likely to continue their heated exchanges. Hoskinson’s stance remains unchanged, and the rivalry may persist, especially if the ETH Gate theory is proven or disproven. In February, Hoskinson remarked that the XRP community is not yet ready for peace.

Charles Hoskinson’s clarification aims to provide clarity on his stance regarding Ripple and the XRP community, dispelling misconceptions and addressing ongoing tensions.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.