Ripple’s Co-Founder Supports Cardano’s Charles Hoskinson On This

Ripple co-founder Chris Larsen tweeted that he agrees with the Cardano founder over the lack of regulatory certainty surrounding the classification of cryptocurrencies, providing some relief from the tense online exchanges between the two prominent crypto communities.

Hoskinson’s contributions to crypto climate projects, particularly his work studying and writing Proof of Useful Work algorithms, were also acknowledged by Larsen.

The latter also commended the Cardano founder for taking up the issue.

As reported by TronWeekly, Charles Hoskinson found himself at loggerheads with the XRP community for his latest comment on the latter’s stance that Hinman had a conflict of interest with Ethereum authorities while in office.

Hoskinson, who is renowned for his direct responses, came under fire from XRP supporters after calling the allegations a “vast conspiracy” on a podcast on Friday. He claimed that,

“The XRP community tried to invent this grand conspiracy that there was blatant corruption between the insiders at the SEC and Ethereum. I don’t honestly think that that’s the issue here.”

A user of XRP by the name of @digitalassetbuy then commented that he believes Hoskinson “is a good man,” but this time he made a mistake. The user then demanded an open dialogue to distinguish between truth and conspiracies.

Cardano Founder Wrote A Detailed Post In Response To The Outrage

John E. Deaton, an outspoken representative for XRP, also disputed Hoskinson’s assertion that there was a “conspiracy,” asserting that Hinman had violated the law governing criminal conflict and that Hoskinson’s statement was deceptive.

In a 16-part Twitter thread, the creator of the Cardano blockchain expressed his dissatisfaction and claimed that “analyzing the charges of corruption seems to infer that Ethereum should also be sued by the SEC but wasn’t due to relationships.”

Recently, the most surprising thing to me has been how hard I’m being hit by some on the XRP side for my recent comments on their SEC issues. I’ve always been of two minds here and I guess some nuance is required to explain, which the internet always lacks.

The entire XRP episode, in his opinion, should not have occurred since it is harmful to the industry, and regulation through enforcement is also undesirable.

The head of Cardano further accused the legislative branch of the government of incompetence for failing to pass new regulations to deal with the consequences of evolving technologies.

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