Cardano Founder Denies Ethereum’s SEC Bribery Conspiracy!
Charles Hoskinson, the founder of Cardano, has dismissed the conspiracy theory that Ethereum bribed the U.S. Securities and Exchange Commission (SEC) to target Ripple and its cryptocurrency, XRP. Hoskinson argued that Ripple and Ethereum were not competitors as Ripple did not operate in the same smart contract space as Ethereum. Furthermore, he labeled the theory as baseless and lacking any evidence to support it. The SEC filed a lawsuit against Ripple in December 2020, accusing it of selling $1.3 billion of unregistered securities through the sale of XRP.