Hoskinson Founder of Cardano Draws Criticism for Bold XRP Remarks

Charles Hoskinson, the founder of Cardano, has once again drawn criticism from XRP supporters for his recent remarks about the ongoing XRP lawsuit. The feud between Hoskinson and the XRP community has been ongoing for years, with both sides trading barbs and criticisms over social media and other forums.

The latest controversy began on May 8th when Mr. Huber, a pseudonymous crypto sleuth, took a shot at Hoskinson for dismissing the “conspiracy theories” that Ethereum insiders bribed the SEC. He claimed that it was “ridiculous” to suggest that former SEC Director William Hinman’s speech on Ethereum was a coincidence.

In response, Hoskinson claimed that the allegations of the SEC targeting XRP for bribery were false. He argued that recent regulatory measures against Coinbase, Kraken, and others undermined the credibility of such arguments. This drew criticism from XRP supporters, who accused Hoskinson of promoting a self-serving narrative and downplaying the seriousness of the XRP lawsuit.

The controversy continued when Hoskinson broke his silence and responded to Mr. Huber’s tweet. The Cardano founder had previously vowed never to comment or mention XRP and its ongoing lawsuit after drawing fire from the XRP community for his comments on a public forum in December 2022.

Hoskinson stood his ground and reiterated his views on the XRP lawsuit. He claimed that he supported XRP but did not feel that it was secure “in its current form.” He also dismissed the XRP holders’ belief that the lawsuit was vulnerable to bribery as nothing short of a “conspiracy.”

The latest exchange between Hoskinson and the XRP community highlights the ongoing tensions between the two groups. It also underscores the challenges facing the cryptocurrency industry as it grapples with regulatory scrutiny and legal challenges.

While the XRP lawsuit has been a source of controversy and speculation for months, it remains unclear how the case will ultimately be resolved. As the cryptocurrency industry continues to evolve and mature, it will be important for industry leaders like Hoskinson to engage in constructive dialogue and work towards building a more transparent and resilient ecosystem.