In a recent X post, Charles Hoskinson, the founder of Cardano, has weighed in on the longstanding debate surrounding Ethereum’s connection to the US Securities and Exchange Commission (SEC) and their alleged conspiracy against Ripple and XRP. Hoskinson’s comments came as a response to renewed discussions sparked by Steven Nerayoff, an early adviser to the Ethereum network.
Former SEC Chair was Joe Grundfest who has integrity which seems out of fashion. As to the number, I now realize one can’t tell the true # of ETH ICO buyers as it was explained by some how whales could disguise their large positions during the ICO. Violation of Terms of Service… https://t.co/TjSIsszGmG
— Steven Nerayoff (@StevenNerayoff) September 17, 2023
Nerayoff had claimed that the SEC had turned a blind eye to Ethereum in its early days, allowing it to thrive unchecked, while simultaneously targeting Ripple and XRP. Hoskinson echoed these claims, suggesting that personal relationships and behind-the-scenes dealings may have played a role in the SEC’s leniency towards Ethereum.
However, Hoskinson also dismissed the notion of Ethereum bribing the SEC to target Ripple and XRP, labeling it a baseless conspiracy theory. He pointed out that Ripple was not even operating in the same smart contract space as Ethereum, and therefore could not be a competitor.
I've always believed that when Ethereum was an 18 million dollar ICO and very few people were doing them that the SEC decided to ignore it and crypto and they got lucky to be too old to consider after the eye of sauron moved over.
— Charles Hoskinson (@IOHK_Charles) September 17, 2023
Absolutely personal relationships and backroom…
Hoskinson’s comments are likely to add fuel to the fire of the ongoing debate surrounding Ethereum’s connection to the SEC and Ripple. While there is no concrete evidence to support the claims of Nerayoff and Hoskinson, the fact that they are being made by two prominent figures in the blockchain industry suggests that they are at least worthy of consideration.
Potential Implications of Hoskinson’s Comments
Hoskinson’s comments could have a number of potential implications for the cryptocurrency industry. First, they could lead to increased scrutiny of the SEC and its relationship with cryptocurrency companies. Second, they could make it more difficult for cryptocurrency companies to raise capital and operate in the United States. Third, they could lead to a loss of confidence in the cryptocurrency industry as a whole.
It is important to note that Hoskinson’s comments are just speculation, and there is no evidence to support his claims. However, the fact that he is making these claims at all is significant, and it is likely to have an impact on the cryptocurrency industry.
Also read: Shimmer EVM Launch Imminent: IOTA One Step Closer to Ethereum Compatibility
Conclusion
Charles Hoskinson’s comments on the Ethereum-SEC connection and Ripple conspiracy are likely to add fuel to the fire of the ongoing debate surrounding these issues. While there is no concrete evidence to support his claims, the fact that he is making them suggests that they are at least worthy of consideration. Hoskinson’s comments could have a number of potential implications for the cryptocurrency industry, including increased scrutiny of the SEC, difficulty for cryptocurrency companies to raise capital and operate in the United States, and a loss of confidence in the cryptocurrency industry as a whole.
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