Co-founder of Ethereum and creator of IOG and Cardano Charles Hoskinson has gotten himself engaged in a large-scale debate with Ripple's chief technology officer on Twitter. In the course of this debate, Hoskinson shared with David Schwartz and John Deaton why the SEC took Ripple and XRP to court but declared Ethereum and Bitcoin to be nonsecurities before that.
In a 'Thinking Crypto' episode earlier this month, Hoskinson said that "there are some people in the XRP community that are trying to invent this grand conspiracy that there was blatant corruption between the insiders at the SEC and Ethereum." Hoskinson's view was that this was not the issue, but the lack of regulation was.
How does Ethereum come into all of this? Ripple just recently finally got the documents they were after for a long time and which the SEC did not want to give up: the Hinman documents. William Hinman was the SEC Director of Corporation Finance who is said to have met Ethereum officials and who also declared that ETH and bitcoin (BTC) are not securities.
On October 8, also Charles Hoskinson shared his latest thoughts on crypto regulation in general and the U.S. SEC's lawsuit against Ripple Labs in particular. As you may remember, on 22 December 2020, the SEC announced that it had "filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering."
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