Someone in the Ripple community has accused Cardano’s Charles Hoskinson of hindering XRP’s progress by contributing to the controversy known as “ETHgate.” Hoskinson has denied the accusations, stating he couldn’t have been involved in the lawsuit against XRP.
Cardano Founder Accused Of Derailing XRP’s Growth
A Ripple community member named Wino recently suggested on X (formerly Twitter) that Cardano’s founder may have been involved in something called “ETHgate.” This refers to claims that the U.S. Securities and Exchange Commission (SEC) unfairly treated XRP by labeling Ethereum as not a security, while later suing Ripple and claiming XRP *was* a security. This perceived favoritism, Wino argues, hindered XRP’s development.
The lawsuit significantly hindered XRP’s progress, causing it to remain stagnant for much of the legal battle and miss out on gains even when other cryptocurrencies rose in 2021. At the time, XRP and Ethereum were two of the largest altcoins, making them rivals, and leading to theories that the so-called ‘ETHgate’ was an attempt to damage XRP’s reputation.
Responding to accusations of involvement in the ‘ETHgate’ controversy, Cardano’s founder stated he was forced out of Ethereum back in June 2014 and has faced attacks from them for the past twelve years. He questioned how he could then have conspired with them years later to harm XRP.
Charles Hoskinson, the creator of Cardano, was also a co-founder of Ethereum. However, he left the project in June 2014 due to disagreements with Vitalik Buterin and the other founders. Since then, Hoskinson has often voiced criticism of Ethereum, even going so far as to predict it wouldn’t last another decade or so.
Wino previously claimed Cardano’s founder was involved in the ‘ETHgate’ situation, but later admitted this was based on rumors. He expressed hope that the real story would eventually be revealed and stated he believes the CLARITY Act could help both ADA and XRP experience significant price increases.
Focus Is On The CLARITY Act
Wino voiced his concerns after a conversation about the CLARITY Act, where Cardano’s founder pointed out flaws in the proposed crypto legislation. He specifically warned the bill could lead the SEC to label new crypto projects as securities. Previously, lawyer John Deaton, who supports XRP, had cautioned that if the bill doesn’t pass, we could see a repeat of strict SEC enforcement actions under Chairman Gensler.
Last week, the Senate Banking Committee approved the CLARITY Act, moving it closer to a full Senate vote. This bill aims to clarify how crypto assets like XRP and Cardano are regulated, specifically categorizing them as commodities. Despite this potential new regulation, Ripple CEO Brad Garlinghouse believes XRP’s legal standing is secure, as a judge has already determined it is not a security.
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2026-05-18 16:57