XRPcryptocurrency, has become a hot topic over the years, known for its resilience. Name of Charles Hoskinson constantly comes up in discussions on this subject. But have you ever wondered why? It all started with criticism from XRP fans due to rumors about the ETH valve theory. After denying these claims, Hoskinson now shares his thoughts on the SEC’s role in the XRP lawsuit.
Will we finally get the answers we seek? Keep reading to find out.
The legal status of XRP: still a mystery?
Charles Hoskinson, the founder of Cardano, has weighed in on the ongoing debate over the XRP lawsuit. He strongly believes that XRP should not be called a security. He raised concerns about possible bias in the SEC’s decision-making process, emphasizing the need for solid evidence to support these claims. On the other hand, it is trying to establish better relations with the XRP community. The question is: can this partnership calm passionate XRP supporters?
Hoskinson makes amends
Charles Hoskinson, the visionary behind Cardano, believes that XRP should not be considered a security. He raised two important questions in this trial. One is whether the SEC treated Ethereum differently, and the other is whether people connected to Ethereum influenced the SEC’s decision against XRP. Hoskinson emphasizes the need for solid evidence to support the latter claim, emphasizing the need for “smoking gun” evidence. He has always supported XRP and continues to do so.
Hoskinson is against corruption and manipulation in government policies. It found no evidence of wrongdoing, such as incriminating texts, images or videos.
Hoskinson and the XRP community
Although he supports XRP, Charles Hoskinson has had disagreements with the XRP community. He playfully discussed their ETHGate theories, leading some to question his involvement. However, he has strongly denied any involvement in these theories, pointing to his departure from Ethereum in 2014 and his lack of influence over Ethereum’s regulatory decisions. Ripple CEO Brad Garlinghouse shares Hoskinson’s view that these theories are unfounded, but shed light on the actions of some SEC executives.
Uncertain future for XRP
The future of XRP is unclear and hangs in the balance. If it stays above $0.473, it could rise and positively influence traders and investors. But a fall below this critical level could trigger selling and lead to new challenges for XRP. The stakes are high for XRP’s next steps – the world is watching!