Cardano Founder Clears His Name from ETHGate Controversy, Supports XRP’s Legal Status

XRP, a cryptocurrency, has become a hot topic over the years, known for its resilience. Charles Hoskinson’s name keeps coming up in discussions about it. But have you ever wondered why? It all started with some criticism he faced from XRP fans due to rumors about the ETH floodgate theory. After denying these claims, Hoskinson now shares his thoughts on the SEC’s role in the XRP lawsuit.

Are we finally going to get the answers we seek? Read on to find out.

XRP’s Legal Status: Still a Mystery?

Charles Hoskinson, the founder of Cardano, has stepped into the ongoing XRP lawsuit debate. He strongly believes XRP should not be labeled a security. He’s raised concerns about possible bias in the SEC’s decision-making process, stressing the need for solid evidence to support such claims. On the flip side, he’s trying to build a better relationship with the XRP community. The question is, can this partnership calm down passionate XRP supporters?

Hoskinson Makes Amends

Charles Hoskinson, the visionary behind Cardano, is confident that XRP should not be considered a security. He’s brought up two important issues in this lawsuit. One is whether the SEC treated Ethereum differently, and the other is if people linked to Ethereum influenced the SEC’s decision against XRP. Hoskinson insists on having strong evidence to support the latter claim, emphasizing the need for a “smoking gun.” He has consistently supported XRP and continues to do so.

Hoskinson is against corruption and manipulation in government policies. He hasn’t found any evidence of wrongdoing, like incriminating texts, images, or videos.

Hoskinson and the XRP Community

Despite supporting XRP, Charles Hoskinson has had disagreements with the XRP community. He’s playfully discussed their ETHGate theories, which made some wonder about his involvement. However, he has strongly denied any part in these theories, highlighting his departure from Ethereum in 2014 and his lack of influence on Ethereum’s regulatory decisions. Ripple CEO Brad Garlinghouse shares Hoskinson’s view that these theories are unfounded but do shed light on the actions of certain SEC executives.

Uncertain Future for XRP

The future of XRP is unclear, hanging in the balance. If it stays above $0.473, it might rise and influence traders and investors positively. But a drop below this critical level could trigger selling and bring new challenges for XRP. The stakes are high for XRP’s next steps – the world is watching!