Cardano founder Charles Hoskinson is facing backlash for his past comments about XRP and its community. A year ago, Hoskinson stated that XRP had no technical or partnership value and labeled the XRP community as toxic. When questioned about his stance amidst XRP’s ongoing legal struggles with the SEC, Hoskinson doubled down on his criticism. He highlighted two years of daily harassment from the XRP community as the reason for his harsh assessment.
Hoskinson compared XRP’s focus on cross-border payments to rival projects like Ethereum, Cardano, Polkadot, Algorand, and Tezos, which prioritize decentralized applications. The tensions between Hoskinson and the XRP community escalated when Twitter user @CryptoRitch19 mocked him, suggesting that regulators may soon target Cardano due to XRP’s legal clarity.
The tensions between Hoskinson and XRP proponents began in 2021 following the SEC’s lawsuit against Ripple, alleging that XRP token sales were unregistered securities offerings. Some XRP supporters floated theories about regulatory scrutiny, pointing to the SEC’s declaration that Ethereum was not a security in 2018. Hoskinson vehemently denies these claims as unfounded conspiracy theories.
The SEC’s examination of Cardano’s ADA token as a potential security further fueled the back-and-forth between Hoskinson and XRP proponents. Despite attempts to clarify his stance, Hoskinson remains embroiled in bitter disputes with the XRP community. His strong views on XRP’s lack of value and toxic community have overshadowed him amidst Cardano’s own regulatory challenges.
The ongoing war of words shows no signs of abating, indicating that the tensions between Hoskinson and the XRP community are likely to continue.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | very negative |
| Relevance Score | 1 |
| People | Charles Hoskinson |
| Companies | Cardano, Ethereum, Tezos, Polkadot, Algorand |
| Currencies | Cardano, Ethereum, Tezos, Polkadot, Algorand, XRP |
| Securities | None |
