{"id":555086,"date":"2023-10-12T09:30:21","date_gmt":"2023-10-12T09:30:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=555086"},"modified":"2023-10-12T08:15:02","modified_gmt":"2023-10-12T08:15:02","slug":"cardano-founder-ethgate-ethereum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/cardano-founder-ethgate-ethereum\/","title":{"rendered":"Cardano Founder Addresses ETHGate Rumors: Did Ethereum Bribe The SEC To Go After XRP?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Cardano <a href=\"https:\/\/bitcoinist.com\/cardano-sec-crypto-crackdown\/#:~:text=He%20believes%20that%20the%20regulator,Bankman%2DFried%20(SBF).\" rel=\"nofollow\">founder Charles Hoskinson<\/a><\/span><span style=\"font-weight: 400\"> recently gave his thoughts on whether the US <\/span><a href=\"https:\/\/uniquehot.com\/crypto\/sec-announcement-crypto\/#:~:text=What%20The%20SEC's%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&amp;text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.\"><span style=\"font-weight: 400\">Securities and Exchange Commission<\/span><\/a><span style=\"font-weight: 400\"> (SEC) had given Ethereum a <\/span><a href=\"https:\/\/uniquehot.com\/news\/sec-in-bed-with-ethereum-eth-gate-explained\/\"><span style=\"font-weight: 400\">regulatory free pass<\/span><\/a><span style=\"font-weight: 400\"> as recent rumors suggest.\u00a0\u00a0<\/span><\/p>\n<h2>Cardano Founder Alleges Favoritism Toward Ethereum<\/h2>\n<p><span style=\"font-weight: 400\">In an AMA session <\/span><a href=\"https:\/\/x.com\/NerdNationUnbox\/status\/04270088?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">shared<\/span><\/a><span style=\"font-weight: 400\"> on X (formerly Twitter), Hoskinson mentioned that the <\/span><a href=\"https:\/\/uniquehot.com\/news\/ripple\/ripple-victorious-hinman-materials-unsealed-xrp-down\/\"><span style=\"font-weight: 400\">Himman emails<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/uniquehot.com\/news\/ethereum\/eth-gate-lubin-piece-of-paper\/#:~:text=Lubin's%20Piece%20Of%20Paper%20Appears%20In%20ETH%20Gate&amp;text=In%20the%20mail%2C%20Fry%2C%20Bertrand,be%20forwarded%20to%20Lubin%20after.\"><span style=\"font-weight: 400\">other revelations<\/span><\/a><span style=\"font-weight: 400\"> expose the thought process of the SEC and show that there was unequal application, which he doesn\u2019t see anything wrong with. Furthermore, he believes that none of the Commission\u2019s actions presupposes corruption but only favoritism.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-prediction-bad-news\/\">XRP Price Prediction: Crypto CEO Delivers Bad News For The Altcoin<\/a><\/div>\n<p><span style=\"font-weight: 400\">It is worth mentioning that Hoskinson happens to be a <a href=\"https:\/\/bitcoinist.com\/number-users-give-up-using-ethereum-after-a-year\/\" rel=\"nofollow\">co-founder<\/a> of <\/span><span style=\"font-weight: 400\">Ethereum<\/span><span style=\"font-weight: 400\">. However, he <\/span><a href=\"https:\/\/bitcoinist.com\/why-cardanos-founder-charles-hoskinson-was-right-all-along\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">was forced to exit the team<\/span><\/a><span style=\"font-weight: 400\"> after he suggested that Ethereum be run as a commercial entity rather than a nonprofit, but this idea didn\u2019t seem to resonate with others on the team.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As such, one can easily assume that there could be some form of bias in his statement, as he could feel endeared to Ethereum despite the circumstances surrounding his exit. Reacting to the clip, One X user <\/span><a href=\"https:\/\/x.com\/Sunheatgenes72\/status\/90087431?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">stated<\/span><\/a><span style=\"font-weight: 400\"> that Hoskinson\u2019s \u201cold ETHGATE buddies\u201d may have convinced him to make such statements.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, others in the crypto community <\/span><a href=\"https:\/\/x.com\/Jryck791\/status\/72126694?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">criticized<\/span><\/a><span style=\"font-weight: 400\"> his statement, emphasizing that there was really no difference between favoritism and corruption, especially when a government agency is involved. Some went as far as <\/span><a href=\"https:\/\/x.com\/XRPNews_\/status\/57039067?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">alleging<\/span><\/a><span style=\"font-weight: 400\"> that Hoskinson could well have been involved in the scandal and that he was <\/span><a href=\"https:\/\/x.com\/xrpgordy\/status\/03562757?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">talking<\/span><\/a><span style=\"font-weight: 400\"> \u201clike a defendant.\u201d<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/0XKHWIBl\/\" alt=\"Ethereum price chart from Tradingview.com (ETHGate Cardano founder Charles Hoskinson)\" width=\"2804\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">ETH price continues to struggle | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">ETHUSD on Tradingview.com<\/a><\/pre>\n<h2>Himman Emails And Other Revelations A Big Deal<\/h2>\n<p><span style=\"font-weight: 400\">While Hoskinson may have tried to downplay the Himman emails and other revelations, they undoubtedly lay a foundation as to possible wrongdoings of the Commission. For one, the <\/span><a href=\"https:\/\/uniquehot.com\/news\/ripple\/ripple-victorious-hinman-materials-unsealed-xrp-down\/\"><span style=\"font-weight: 400\">email <\/span><\/a><span style=\"font-weight: 400\">showed that <\/span><a href=\"https:\/\/bitcoinist.com\/sec-to-submit-hinman-speech-brings-new-accusations\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bill Hinman<\/span><\/a><span style=\"font-weight: 400\"> had interacted with Ethereum\u2019s co-founder, Vitalik Buterin before he gave his speech, where he mentioned that ETH wasn\u2019t a security. With this in mind, Buterin could have possibly influenced Hinman\u2019s speech.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There have also been revelations of how the <\/span><a href=\"https:\/\/uniquehot.com\/news\/ethereum\/eth-gate-lubin-piece-of-paper\/#:~:text=Lubin's%20Piece%20Of%20Paper%20Appears%20In%20ETH%20Gate&amp;text=In%20the%20mail%2C%20Fry%2C%20Bertrand,be%20forwarded%20to%20Lubin%20after.\"><span style=\"font-weight: 400\">SEC had close ties with Ethereum<\/span><\/a><span style=\"font-weight: 400\">, which instantly presupposes a conflict of interest as it becomes harder to regulate or deal fairly with such a body without being influenced by external factors.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/ftx\/ftx-sam-bankman-fried\/\">No Love For FTX: Ex-Girlfriend Delivers Scathing Testimony Against Sam Bankman-Fried<\/a><\/div>\n<p><span style=\"font-weight: 400\">Meanwhile, Steven Nerayoff, who was an active participant during Ethereum\u2019s Initial Coin Offering (ICO), <\/span><a href=\"https:\/\/x.com\/StevenNerayoff\/status\/20061244?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">continues to allege<\/span><\/a><span style=\"font-weight: 400\"> that the SEC was corrupt in its dealings with Ethereum and that he has evidence to back up his claims.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Pro-XRP legal expert <\/span><a href=\"https:\/\/bitcoinist.com\/pro-xrp-lawyer-drops-bombshell-announcement\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">John Deaton has also confirmed<\/span><\/a><span style=\"font-weight: 400\"> Nerayoff&#8217;s claims as he has seen this supposed evidence under the attorney-client relationship.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/bitcoinist.com\/pro-xrp-lawyer-drops-bombshell-announcement\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">In his announcement<\/span><\/a><span style=\"font-weight: 400\"> last month, Deaton mentioned that Bill Himman\u2019s cross-examination would be of \u201cepic proportions\u201d and even offered to handle that personally if the <\/span><a href=\"https:\/\/bitcoinist.com\/breaking-ripple-win-as-judge-rejects-secs-appeal\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">SEC\u2019s case against Ripple<\/span><\/a><span style=\"font-weight: 400\"> were to go to trial.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Bitcoinist, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cardano founder Charles Hoskinson recently gave his thoughts on whether the US Securities and Exchange Commission (SEC) had given Ethereum a regulatory free pass as recent rumors suggest.\u00a0\u00a0 Cardano Founder Alleges Favoritism Toward Ethereum In an AMA session shared on X (formerly Twitter), Hoskinson mentioned that the Himman emails and other revelations expose the thought process of the SEC and show that there was unequal application, which he doesn\u2019t see anything wrong with. Furthermore, he believes that none of the Commission\u2019s actions presupposes corruption but only favoritism.\u00a0 Related Reading: XRP Price Prediction: Crypto CEO Delivers Bad News For The Altcoin It is worth mentioning that Hoskinson happens to be a co-founder of Ethereum. However, he was forced to exit the team after he suggested that Ethereum be run as a commercial entity rather than a nonprofit, but this idea didn\u2019t seem to resonate with others on the team.\u00a0 As such, one can easily assume that there could be some form of bias in his statement, as he could feel endeared to Ethereum despite the circumstances surrounding his exit. Reacting to the clip, One X user stated that Hoskinson\u2019s \u201cold ETHGATE buddies\u201d may have convinced him to make such statements.\u00a0 Meanwhile, others in the crypto community criticized his statement, emphasizing that there was 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 \u201clike a defendant.\u201d ETH price continues to struggle | Source: ETHUSD on Tradingview.com Himman Emails And Other Revelations A Big Deal While Hoskinson may have tried to downplay the Himman emails and other revelations, they undoubtedly lay a foundation as to possible wrongdoings of the Commission. For one, the email showed that Bill Hinman had interacted with Ethereum\u2019s co-founder, Vitalik Buterin before he gave his speech, where he mentioned that ETH wasn\u2019t a security. With this in mind, Buterin could have possibly influenced Hinman\u2019s speech. There have also been revelations of how the SEC had close ties with Ethereum, which instantly presupposes a conflict of interest as it becomes harder to regulate or deal fairly with such a body without being influenced by external factors.\u00a0 Related Reading: No Love For FTX: Ex-Girlfriend Delivers Scathing Testimony Against Sam Bankman-Fried Meanwhile, Steven Nerayoff, who was an active participant during Ethereum\u2019s Initial Coin Offering (ICO), continues to allege that the SEC was corrupt in its dealings with Ethereum and that he has evidence to back up his claims.\u00a0 Pro-XRP legal expert John Deaton has also confirmed Nerayoff&#8217;s claims as he has seen this supposed evidence under the attorney-client relationship.\u00a0 In his announcement last month, Deaton mentioned that Bill Himman\u2019s cross-examination would be of \u201cepic proportions\u201d and even offered to handle that personally if the SEC\u2019s case against Ripple were to go to trial. Featured image from Bitcoinist, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":555087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896,13625],"tags":[12332,84139,89230,1286,1946,7931,89490],"class_list":["post-555086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","category-ethereum","tag-cardano","tag-cardano-founder","tag-cardano-news","tag-charles-hoskinson","tag-ethereum","tag-ethereum-news","tag-ethgate"],"acf":[],"yoast_head":"\n<title>Cardano Founder Addresses ETHGate Rumors: Did Ethereum Bribe The SEC To Go After XRP?<\/title>\n<meta name=\"description\" content=\"Cardano founder Charles Hoskinson recently gave his thoughts on whether the US SEC had given Ethereum a regulatory free pass.\" \/>\n<meta name=\"robots\" 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