- Ripple CTO David Schwartz criticized Cardano founder Charles Hoskinson over the SEC’s ETH favoritism.
- The criticism revolves around the “ETHgate” conspiracy theory.
- ETHgate alleges that Ethereum received preferential treatment from U.S. regulators, particularly the SEC, avoiding classification as a security.
Ripple CTO David Schwartz recently slammed Cardano founder Charles Hoskinson over the United States Securities and Exchange Commission’s alleged preferential treatment of ether over other cryptocurrencies. This contention stems from the conspiracy theory “ETHgate.”
ETHgate suggests that ether received preferential treatment from U.S. regulators, especially the SEC, for having avoided being classified as a security. This contrasts with other assets like XRP that remain mired in regulatory uncertainty.
In a recent AMA, Hoskinson argued the released SEC documents show no corruption but rather regulatory favoritism towards Ethereum. He claims there is no evidence of wrongdoing. Hoskinson was talking about the Hinman documents, which were made publicly available on June 12. The documents are considered to be key to Ripple’s defense in its ongoing battle w…
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