Did Ethereum Bribe the SEC to Go after XRP?

Cardano crypto-crackdown/#:~:text=He%20believes%20that%20the%20regulator,Bankman%2DFried%20(SBF).” rel=”nofollow”>Founder Charles Hoskinson He recently gave his opinion on whether the U.S. National stock market Commission (SEC) had given ethereum a regulatory free pass as the latest rumors suggest.

Cardano founder alleges favoritism towards ethereum

In an AMA session shared on X (formerly Twitter), Hoskinson mentioned that the Himman Emails and other revelations expose the SEC’s thought process and show that there was uneven enforcement, something he sees nothing wrong with. Furthermore, he considers that none of the Commission’s actions presuppose corruption but only favoritism.

It is worth mentioning that Hoskinson turns out to be a ethereum-after-a-year/” rel=”nofollow”>co-founder of ethereum. However the he was forced to leave the team after he suggested that ethereum be run as a commercial entity rather than a nonprofit, but this idea did not seem to resonate with other members of the team.

As such, one can easily assume that there could be some sort of bias in his statement, as he could feel endeared to ethereum despite the circumstances surrounding his departure. Reacting to the clip, One X user fixed that Hoskinson’s “old ETHGATE friends” may have convinced him to make such statements.

Meanwhile, others in the crypto community criticized his statement, emphasizing that there is really no difference between favoritism and corruption, especially when a government agency is involved. Some went as far as alleging that Hoskinson could well have been involved in the scandal and that he was talking “like an accused.”

eth price continues to struggle | Source: ETHUSD on Tradingview.com

Himman emails and other revelations are a big deal

While Hoskinson may have attempted to downplay Himman’s emails and other revelations, they certainly lay the groundwork for potential Commission wrongdoing. On the one hand, the email showed that Bill Hinman had interacted with ethereum co-founder Vitalik Buterin before giving his speech, where he mentioned that eth was not a security. With this in mind, Buterin could have influenced Hinman’s speech.

There have also been revelations of how the The SEC had close ties to ethereumwhich instantly presupposes a conflict of interest, since it is more difficult to regulate or deal fairly with said body without being influenced by external factors.

Meanwhile, Steven Nerayoff, who was an active participant during the ethereum Initial Coin Offering (ICO), continues to allege that the SEC was corrupt in its dealings with ethereum and has evidence to back up its claims.

Pro-XRP Legal Expert John Deaton has also confirmed Nerayoff claims he has seen this alleged evidence under the attorney-client relationship.

in your ad Last month, Deaton mentioned that Bill Himman’s cross-examination would be of “epic proportions” and even offered to handle it personally if the The SEC case against Ripple They were going to go to trial.

Featured image from Bitcoinist, chart from Tradingview.com