LUCKNOW (CoinChapter.com) — Cardano founder Charles Hoskinson’s past condemnatory statements on XRP and its community have returned to put him in the hot seat. It started when XRP enthusiast X user @3TGMCrypto dredged Hoskinson’s comments from a year ago when he emphatically stated that XRP has no technical or partnership value. Hoskinson also labeled the XRP community “toxic,” “petty,” and spreading conspiracy theories.
Direct Challenge to Charles Hoskinson’s XRP Statment
The X user asked Charles Hoskinson if he stands by those bold claims even today amidst XRP’s ongoing legal struggles and disputes with the SEC.
Rather than walk back his acerbic words, Hoskinson doubled down. He reiterated that XRP still provides no real utility while calling out the “two years of daily harassment” he claims to have endured from the XRP community.
Hoskinson pointed to two years of “daily harassment” from the XRP community as a rationale for his harsh assessment. Hoskinson justified his assessment by contrasting XRP’s difference with rival projects. He noted that XRP’s use case focused on cross-border payments, while platforms like Ethereum, Cardano, Polkadot, Algorand, and Tezos focused on decentralized applications.
The feuding between Hoskinson and the XRP community took an even more pointed turn when Twitter user @CryptoRitch19 weighed in. He mocked Hoskinson, saying he is a “hater” who is likely worried regulators may soon target Cardano considering XRP’s legal clarity.
@CryptoRitch19 tweeted:
“who tf cares what @IOHK_Charles says he’s obviously worried about XRP being the only one with regulatory clarity cause they probably gonna come knocking on Cardano’s door anytime now!”
How It All Started?
The tensions between Hoskinson and some XRP proponents began in 2021 following the SEC’s lawsuit.
The lawsuit alleged that XRP token sales were unregistered securities offerings. As the SEC lawsuit against Ripple intensified, some XRP supporters started floating theories to explain the regulatory scrutiny against XRP.
They pointed to former SEC official Bill Hinman declaring ETH not a security in 2018. This spawned an “ETHGate” theory that Ethereum developers had cultivated SEC relationships to avoid regulatory action while allegedly paying the agency to target XRP.
Hoskinson vehemently disputes such claims as unfounded conspiracy theories. But his rebuttal gave rise to ongoing tensions with parts of the XRP community making these allegations. The back-and-forth took a further turn when the SEC began examining Cardano’s ADA token as a potential security. Some XRP proponents responded by using Hoskinson’s past remarks to taunt him.
Despite attempts to clarify his stance, Hoskinson remains embroiled in bitter spats with XRP proponents despite attempts to clarify his stances. His strong views on XRP’s lack of value and toxic community have come back to overshadow him amidst Cardano’s own regulatory woes. The prolonged war of words shows no signs of abating anytime soon.
