Cardano Founder Debunks XRP Conspiracy Theories in AMA
Highlights
- Hoskinson debunks XRP theories and urges evidence-based SEC debate.
- ADA holds at $0.63 amid calls for clarity in crypto regulation.
- Ripple faces legal uncertainties as Hoskinson seeks rational discourse.
In a recent Ask Me Anything (AMA) session, Charles Hoskinson, the founder of the Cardano, expressed his disapproval of the conspiracy theories rampant in the current XRP community. His narrative was intended to clear claims that the supporters of Ethereum had influenced SEC proceedings against XRP. Hoskinson’s plea for informed debate signifies a milestone in the discussions that continue to rage within the crypto industry.
Cardano Founder Urges for a Rational Debate
Hoskinson stressed rational discourse and evidence in the discussion of the actions of the SEC against XRP in the AMA. He pointed out an absence of any proof from the XRP community that would confirm the undue influence of the Ethereum backers on the SEC’s actions.
“There is no evidence, XRP community. Zero evidence that someone paid the US government to target you,” he explained, denoting the unsubstantiated nature of such conspiracy theories.
The #ETHGate Misunderstanding
Hoskinson also cleared up his thoughts about the #ETHGate controversy, which was a point of misunderstanding between him and the XRP community. He said that his statement on the matter had been misunderstood, pointing out that while it is conceivable that somebody could have influenced the SEC, there is no proof of this leading to XRP being targeted by the regulatory body.
His concern with asking these theories is to change the conversation into more productive dialogues regarding the regulation of cryptocurrency and innovation.
Aiming to dissociate from the earlier XRP and Ripple debates, the recent Hoskinson statements represent another attempt at constructive dialogue. He has repeatedly called on the leaders of Ripple to deal with and repudiate the groundless attacks from these conspiracy theories. This method highlights his wish to go beyond the antagonisms that have characterized relations of some factions in the crypto community.
Cardano and XRP Trend
Similarly, while Cardano’s ADA stagnates around the $0.63 mark, Hoskinson’s criticism of the XRP community conspiracy theories comes when the cryptocurrency market strives for clarity and predictability. The speed of the Cardano network’s development and its power to distinguish itself is under question. ADA was trading at $0.6334 at press time, a 1.69% surge from the day’s low.
However, XRP faces issues with the ongoing class action appeal process and major exchange-related lawsuits. This vagueness of the laws also affects the investor perception and market dynamics of both cryptocurrencies.
Read Also: Meet PolkaBot AI: Polkadot’s ChatGPT Challenger
- Galaxy Digital CEO Calls Next Fed Chair Bitcoin’s Bull Catalyst, Sets $200K BTC Target
- Experts Claim Bitcoin Crash to $94,334 Ahead As BTC Dominance Rebounds
- Expert Explains Pi Network–Sign Meeting, Says It Could Trigger Binance Listing
- Is Trump Family, Mr. Beast Buying ASTER Token? Rumors Gain Strength
- Solana ETF Update: Grayscale, Fidelity, Others Files S-1 With Staking, Approval Expected in Two Weeks
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
