Ripple CTO slams Charles Hoskinson over SEC's ETH ‘favoritism’
Ripple community and Cardano founder have clashed over the definition of corruption in the context of the ETHgate scandal. Ripple chief technology officer David Schwartz has countered Cardano founder’s comments about possible motives behind the United States regulators’ determination that Ether (ETH) is not a security. Cardano founder Charles Hoskinson addressed the much-debated ETHgate theory in an AMA session on Oct. 8, arguing that the government’s actions were not about corruption. ETHgate is a conspiracy theory alleging that Ethereum received a free pass from U.S. regulators, particularly the U.S. Securities and Exchange Commission (SEC), which has been reiterating its stance that ETH isn’t a security for years. Despite SEC director William Hinman defining Ether as not a security in 2018, U.S. regulators have been struggling to establish the status of other coins, including XRP (XRP), which has created significant impediments to their adoption. According to Hoskinson, Hinman'...