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Cardano founder slams XRP community over spreading conspiracy theories regarding SEC case

Cardano founder slams XRP community over spreading conspiracy theories regarding SEC case

Charles Hoskinson, the founder of the decentralized finance (DeFi) crypto project Cardano (ADA), has once again delved into criticisms regarding his comments on the ongoing case between Ripple and the Securities Exchange Commission (SEC). 

In particular, Hoskinson has challenged the XRP community to stop spreading conspiracy theories regarding the ongoing case, he said during an interview with YouTuber BitBoy Crypto on October 21. 

It is worth noting that Hoskinson was subjected to online backlash from XRP enthusiasts on Twitter after he stated that Ripple is under SEC investigation due to a lack of clear regulations.

Interestingly, XRP supporters alleged corruption and patronage of Ethereum (ETH) by former SEC officials. With Hoskison also being a co-founder of Ethereum, the supporters accused him of siding with SEC.  

“But my only comments were to focus on the thing that’s going to win and focus on building bridges and relationships. Because of those comments, thousands and thousands and thousands of tweets, it was trending on Twitter, grand conspiracy. People attacked me, called me a petulant child, unprofessional. All these just vitriol and negativeness,” he said. 

Conspiracy allegations 

Hoskison took issue with Ripple CTO David Schwartz, who noted that he had a lot to say about the attack on Hoskison, a situation that left him sad. 

“I kind of was a little disappointed with David Schwartz and others saying a lot could be said and it makes me sad. How about you grow a f*cking pair of balls and tell your community not to be conspiratorial. Maybe you should do that, because at the end of the day, we all have to live in this space together and hedging in the face of this madness doesn’t solve anything,” said Hoskinson. 

According to Hoskinson, he was receiving negativity from the XRP fans, yet he was attempting to ask the community to focus on building bridges and elements that would help Ripple win the case. As reported by Finbold, following the attacks, Hoskinson came out to clarify his comments. 

At the same time, Hoskinson stated that his view on the XRP case is drawn from his experience in the cryptocurrency market, especially on policy matters. 

Ripple burning bridges 

He argued that weaponizing the SEC and burning bridges could have dire effects on Ripple since the agency still needs to work with the company outside the case. 

Notably, the ongoing case has heavily relied on former SEC Division Director William Hinman’s emails. The document in question saw Hinman say Bitcoin (BTC) and Ethereum (ETH) are not securities. 

Despite a bid to block the use of the documents in court, Ripple recorded a minor win after the court overruled SEC’s proposals to stop the email handover. 

Watch the full interview below:

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