{"id":605655,"date":"2024-04-29T19:00:57","date_gmt":"2024-04-29T19:00:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=605655"},"modified":"2024-04-29T15:02:05","modified_gmt":"2024-04-29T15:02:05","slug":"eth-gate-conversation-intensifies-after-ripple-cto-and-cardano-founder-debate","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/eth-gate-conversation-intensifies-after-ripple-cto-and-cardano-founder-debate\/","title":{"rendered":"ETH Gate Conversation Intensifies After Ripple CTO And Cardano Founder Debate"},"content":{"rendered":"<p style=\"font-weight: 400\">Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/sec-anticipated-to-reject-spot-ethereum-etfs-in-upcoming-decision-eth-price-takes-5-hit\/\" target=\"_blank\" rel=\"noopener \">against<\/a> the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson&#8217;s debate on X.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-reverse-gains-3220\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price Reverse Gains, Can ETH Bulls Save The Day?<\/a><\/div>\n<h2 style=\"font-weight: 400\">Is There A Double Standard For Ethereum?<\/h2>\n<p style=\"font-weight: 400\">On Thursday, crypto firm Consensys sued the US SEC, accusing the regulator of \u201cunlawful seizure of authority\u201d over Ethereum. Following the news, an online conversation sparked regarding the SEC\u2019s alleged favoring of the second-largest cryptocurrency by market capitalization.<\/p>\n<p style=\"font-weight: 400\">X users <a href=\"https:\/\/twitter.com\/AntonyBlondell\/status\/01893563\" target=\"_blank\" rel=\"noopener nofollow\">commented<\/a> on crypto exchanges\u2019 \u201cdouble standard.\u201d Many pointed out platforms like Binance, Coinbase, Crypto.com, and Bitstamp delisted XRP after the SEC\u2019s crackdown on Ripple.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hey <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@coinbase<\/a> <a href=\"https:\/\/twitter.com\/cryptocom?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@cryptocom<\/a> <a href=\"https:\/\/twitter.com\/BinanceUS?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@BinanceUS<\/a> <a href=\"https:\/\/twitter.com\/Bitstamp?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Bitstamp<\/a> <a href=\"https:\/\/twitter.com\/BittrexExchange?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@BittrexExchange<\/a> when delist Ethereum? Are you still trying to comply with regulatory concerns or no??? <a href=\"https:\/\/t.co\/QiWG9qEUbZ\" rel=\"nofollow\">pic.twitter.com\/QiWG9qEUbZ<\/a><\/p>\n<p>&mdash; Digital Asset Investor (@digitalassetbuy) <a href=\"https:\/\/twitter.com\/digitalassetbuy\/status\/21319423?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">Moreover, members of the crypto community also asked for ETH&#8217;s delisting. One user <a href=\"https:\/\/x.com\/ShawnS90x\/status\/77277268\" target=\"_blank\" rel=\"noopener nofollow\">stated<\/a> that if the crypto asset \u201cdoesn\u2019t get delisted, we know #ETHGate is real.\u201d<\/p>\n<p style=\"font-weight: 400\">The theories about the SEC attacking Ripple and XRP in favor of Ethereum are part of an ongoing saga that has raised concerns and speculation over the agency\u2019s regulatory inconsistency.<\/p>\n<p style=\"font-weight: 400\">Last year, lawyer and crypto expert Jeremy Hogan weighed in on the publication of Hinman\u2019s emails and drafts from his 2018 speech. Hogan <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-allegedly-attacked-by-secs-hinman-for-ethereums-benefit\/\" target=\"_blank\" rel=\"noopener \">alleged<\/a> that the former SEC\u2019s Division of Corporation Finance director was likely paid by someone related to the Ethereum Foundation to give a speech giving ETH a \u201cfree pass.\u201d<\/p>\n<h2 style=\"font-weight: 400\">Ripple CTO Questions Hoskinson\u2019s ETH Gate Stand<\/h2>\n<p style=\"font-weight: 400\">Charles Hoskinson stated that an apology from the XRP army and Ripple executives was needed before a project collaboration. Hoskinson alleged during a recent X Space meeting that XRP\u2019s community has attacked him daily since 2022.<\/p>\n<p style=\"font-weight: 400\">Following the session, members of the XRP army cursed him out and declared he was wrong. Hoskinson <a href=\"https:\/\/x.com\/IOHK_Charles\/status\/13992530\" target=\"_blank\" rel=\"noopener nofollow\">replied<\/a>, seemingly trying to prove his point, alleging the hate \u201cIt&#8217;s never-ending and completely devoid of reason.\u201d<\/p>\n<p style=\"font-weight: 400\">Jack, a prominent figure in the XRP community, <a href=\"https:\/\/x.com\/QuadJacksXRP\/status\/65732549\" target=\"_blank\" rel=\"noopener nofollow\">argued<\/a> that platforming those who attacked Hoskinson would not help the situation. Cardano\u2019s founder then corrected someone, claiming he \u201cmisspoke\u201d and \u201cmischaracterized\u201d the community\u2019s allegations.<\/p>\n<p style=\"font-weight: 400\">Hoskinson clarified he didn\u2019t misspeak, as people believe \u201cmembers of the Ethereum community bribed the SEC to take out XRP.\u201d According to him, this narrative has reignited several times with \u201cno evidence of it.\u201d<\/p>\n<p style=\"font-weight: 400\">Ripple\u2019s CTO joined the discussion, questioning Hoskinson over his claims of lack of evidence. Schwartz stated: \u201cSo, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?<\/p>\n<p>&mdash; David &quot;JoelKatz&quot; Schwartz (@JoelKatz) <a href=\"https:\/\/twitter.com\/JoelKatz\/status\/42963831?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 28, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">To Hoskinson, Schwartz was \u201cinciting a mob by spreading false information.\u201d He also denied invalidating the ETH Gate arguments, claiming his \u201cgrand conspiracy statements have always been related to the belief that somebody from Ethereum bribed the SEC to go after XRP.\u201d<\/p>\n<p style=\"font-weight: 400\">The back-and-forth between the two crypto gurus ended with Ripple\u2019s CTO further doubling down on his questions. He asked whether Hoskinson didn\u2019t think any of his <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/cardano-founder-ethgate-ethereum\/\" target=\"_blank\" rel=\"noopener \">statements<\/a> were evidence that Hinman\u2019s interests influenced and affected the litigation against Ripple, which received no reply.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/xrp-sees-over-12-million-sell-off-whale-warning-or-buying-opportunity\/\" target=\"_blank\" rel=\"noopener \">XRP Sees Over $12 Million Sell-Off: Whale Warning Or Buying Opportunity?<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-605656 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/XRPUSDT_2024-04-29_07-51-13.png?w=860&#038;resize=860%2C336\" alt=\"Ripple, XRP, XRPUSDT\" width=\"860\" height=\"336\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/XRPUSDT_2024-04-29_07-51-13.png?w=1077 1077w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/XRPUSDT_2024-04-29_07-51-13.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/XRPUSDT_2024-04-29_07-51-13.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/XRPUSDT_2024-04-29_07-51-13.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/XRPUSDT_2024-04-29_07-51-13.png?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"text-align: center\">XRP is trading at $0.50 in the 7-day chart. Source: XRPUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/otsle9Wx\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit against the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson&#8217;s debate on X. Related Reading: Ethereum Price Reverse Gains, Can ETH Bulls Save The Day? Is There A Double Standard For Ethereum? On Thursday, crypto firm Consensys sued the US SEC, accusing the regulator of \u201cunlawful seizure of authority\u201d over Ethereum. Following the news, an online conversation sparked regarding the SEC\u2019s alleged favoring of the second-largest cryptocurrency by market capitalization. X users commented on crypto exchanges\u2019 \u201cdouble standard.\u201d Many pointed out platforms like Binance, Coinbase, Crypto.com, and Bitstamp delisted XRP after the SEC\u2019s crackdown on Ripple. Hey @coinbase @cryptocom @BinanceUS @Bitstamp @BittrexExchange when delist Ethereum? Are you still trying to comply with regulatory concerns or no??? pic.twitter.com\/QiWG9qEUbZ &mdash; Digital Asset Investor (@digitalassetbuy) April 26, 2024 Moreover, members of the crypto community also asked for ETH&#8217;s delisting. One user stated that if the crypto asset \u201cdoesn\u2019t get delisted, we know #ETHGate is real.\u201d The theories about the SEC attacking Ripple and XRP in favor of Ethereum are part of an ongoing saga that has raised concerns and speculation over the agency\u2019s regulatory inconsistency. Last year, lawyer and crypto expert Jeremy Hogan weighed in on the publication of Hinman\u2019s emails and drafts from his 2018 speech. Hogan alleged that the former SEC\u2019s Division of Corporation Finance director was likely paid by someone related to the Ethereum Foundation to give a speech giving ETH a \u201cfree pass.\u201d Ripple CTO Questions Hoskinson\u2019s ETH Gate Stand Charles Hoskinson stated that an apology from the XRP army and Ripple executives was needed before a project collaboration. Hoskinson alleged during a recent X Space meeting that XRP\u2019s community has attacked him daily since 2022. Following the session, members of the XRP army cursed him out and declared he was wrong. Hoskinson replied, seemingly trying to prove his point, alleging the hate \u201cIt&#8217;s never-ending and completely devoid of reason.\u201d Jack, a prominent figure in the XRP community, argued that platforming those who attacked Hoskinson would not help the situation. Cardano\u2019s founder then corrected someone, claiming he \u201cmisspoke\u201d and \u201cmischaracterized\u201d the community\u2019s allegations. Hoskinson clarified he didn\u2019t misspeak, as people believe \u201cmembers of the Ethereum community bribed the SEC to take out XRP.\u201d According to him, this narrative has reignited several times with \u201cno evidence of it.\u201d Ripple\u2019s CTO joined the discussion, questioning Hoskinson over his claims of lack of evidence. Schwartz stated: \u201cSo, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?\u201d So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason? &mdash; David &quot;JoelKatz&quot; Schwartz (@JoelKatz) April 28, 2024 To Hoskinson, Schwartz was \u201cinciting a mob by spreading false information.\u201d He also denied invalidating the ETH Gate arguments, claiming his \u201cgrand conspiracy statements have always been related to the belief that somebody from Ethereum bribed the SEC to go after XRP.\u201d The back-and-forth between the two crypto gurus ended with Ripple\u2019s CTO further doubling down on his questions. He asked whether Hoskinson didn\u2019t think any of his statements were evidence that Hinman\u2019s interests influenced and affected the litigation against Ripple, which received no reply. Related Reading: XRP Sees Over $12 Million Sell-Off: Whale Warning Or Buying Opportunity? XRP is trading at $0.50 in the 7-day chart. Source: XRPUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":605665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12332,84139,1286,15951,3680,89421,4531,78763],"class_list":["post-605655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cardano","tag-cardano-founder","tag-charles-hoskinson","tag-david-schwartz","tag-ripple","tag-ripple-cto","tag-xrp","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Ripple CTO And Cardano Founder Debate ETH Gate<\/title>\n<meta name=\"description\" content=\"The conversation about ETH Gate reignited following the CTO of Ripple and Cardano&#039;s founder went back-and-forth over &quot;conspiracy theories.&quot;\" \/>\n<meta name=\"robots\" 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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