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- Lawyer John Deaton has called out Cardano founder Charles Hoskinson for his anti-XRP stance.
- Hoskinson stated that the XRP community was endorsing conspiracy theories about the SEC.
- The Cardano founder also stated that he believed the US was not equipped to regulate crypto.
Crypto enthusiast and lawyer John Deaton has called out Cardano founder Charles Hoskinson for his anti-XRP stance. “This is why people called you out,” stated Deaton in a Twitter post earlier yesterday. Deaton, also the founder of CryptoLaw, has been appearing as the Amicus Curiae for the Ripple case.
The crypto advocate known for extensive work in the SEC vs Ripple case went on to add more in his scathing remark:
Because you’re a leader in this community and you make headlines like this when you speak and your comments undermine the important work of @JsnFostr and @EMPOWR_us, a non-profit DC watchdog that isn’t a part of the #XRPCommunity.”
These comments were in response to Hoskinson’s statements about Hinman’s speech, which forms a vital part of the SEC vs. Ripple case. XRP enthusiasts have always believed that there was a conflict of interest when William Hinman was the director at the SEC. Hinman was affiliated and involved in Ethereum at the time, according to the XRP community. There are also claims that Hinman received a large sum of money as profit from officials of Simpson Thacher.
Hoskinson, however, states that he does not believe these accusations and calls them baseless. In a recent podcast, Hoskinson argued that the XRP community tried to invent this grand conspiracy that there was blatant corruption between the insiders at the SEC and Ethereum. “I don’t honestly think that that’s the issue here,” stated the tech leader.
The Cardano founder then reinstated that the major concern at the moment was the SEC and the Commodity Futures Trading Commission (CFTC) are not properly equipped with the relevant laws to regulate the cryptocurrency industry. He also added the US regulatory system was not equipped to monitor the crypto industry.
