Ethereum

David Vance

DeFi

<div class="intro-text">
 Cardano’s founder, Charles Hoskinson, suggested that ETHGate is all about how Ethereum leverage its relationship with the U.S. Securities and Exchange Commission (SEC) for favourable treatment in <a style="color: #0000ff;" href="https://www.youtube.com/watch?v=e_SYSA2oSQI" rel="noopener noreferrer nofollow">a recent YouTube Ask Me Anything (AMA) video session</a>.
</div>
The concept of “ETHGate” has been a long-standing topic of debate in the crypto community. It centres around allegations that members of the Ethereum core development team cultivated relationships with key SEC executives to gain preferential treatment.&nbsp;
The theory suggests that this relationship influenced the regulatory agency’s position that Ethereum was a non-security, while other projects, such as XRP, faced accusations of being securities.
The conspiracy theory was substantiated with claims from a former director at the SEC, William Hinman, who declared ETH as a non-security during his speech in June 2018.&nbsp;
While Hoskinson clarified that he did not deny the occurrence of ETHGate, he emphasized a different interpretation from the XRP community’s claims.
Hoskinson suggested that Ethereum strategically managed its interactions with the SEC to influence regulatory interpretations, much like other entities do.&nbsp;
Notably, Hoskinson’s perspectives about ETHGate have spurred many heated arguments between himself and many pundits from the XRP community. He has always strongly disagreed with the claims of XRP community members who believe that Ethereum must have bribed the SEC to go against other crypto entities.
In the <a style="color: #0000ff;" href="https://www.youtube.com/watch?v=e_SYSA2oSQI" rel="noopener noreferrer nofollow">video</a>, Hoskinson challenged the XRP community, stating that they lack evidence supporting their claims that an Ethereum executive bribed the SEC to target other cryptocurrency projects. He also criticized Ripple’s key executives, David Schwartz and Brad Garlinghouse, accusing them of perpetuating false accusations against the Ethereum protocol.
Hoskinson referenced<a style="color: #0000ff;" href="https://www.youtube.com/watch?v=-AWSkz6xaiQ" rel="noopener noreferrer nofollow"> his 2022 Grand Conspiracy statement</a> in which he mentioned that the SEC’s focus was primarily on Ripple Labs, not extending to other cryptocurrency projects.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/02/cardanos-hoskinson-dissects-ethgate-allegations-challenges-xrp-community-claims/" rel="noopener noreferrer nofollow">Cardano’s Hoskinson Dissects ‘ETHGate’ Allegations, Challenges XRP Community Claims</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Cardano’s Hoskinson Dissects ‘ETHGate’ Allegations, Challenges XRP Community Claims

DeFi Planet

2024년 2월 21일에 게재된 다른 기사

Ethereum Whales Stir Market with Major Transactions

LimeWire Crypto: A Beginners Guide to LMWR Token and Its Utility

StarkNet (STRK) Price Tanks Over 17% Following 1.4 Million Token Airdrop

Price analysis 2/21: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, LINK, DOT

India Makes a Bold Leap in AI with the Launch of Hanooman Series

Top DeFi Tokens for Potential 100% Gains This Week

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!