Cardano founder Charles Hoskinson has addressed the controversy surrounding Ethereum’s alleged bribery of the US Securities and Exchange Commission (SEC) in an Ask-me-Anything (AMA) session. The theory, known as ETHGate, suggests that Ethereum executives lobbied SEC officials to secure favorable regulation for the ETH token. However, Hoskinson argues that the activities leading up to SEC official William Hinman’s speech show favoritism rather than corruption. The speech, which stated that a digital asset would no longer be considered a security if it becomes “sufficiently decentralized,” has been seen as benefiting Ethereum. Ripple released emails showing that Hinman ignored warnings from top SEC officials not to give the speech, leading to suspicions of Ethereum’s involvement. While Hinman claimed that a meeting with Ethereum co-founder Vitalik Buterin was to understand the network better, some believe it was an attempt to give Ethereum preferential treatment. Hoskinson clarifies that there is no evidence to support the claim that Ethereum officials bribed the SEC to go after Ripple and XRP.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	0
People	Charles Hoskinson, William Hinman, Vitalik Buterin
Companies	Ripple Labs, United States regulator Securities and Exchange Commission (SEC), Cardano, Ethereum, Yahoo Finance
Currencies	Bitcoin, XRP, Ethereum, Cardano
Securities	None