As an analyst following the crypto space, I’ve been tracking the recent claims surrounding Charles Hoskinson, the founder of Cardano and CEO of Input Output. He’s publicly denied any involvement in efforts to negatively impact XRP through regulatory enforcement. Essentially, he’s pushing back against accusations that he tried to use regulation to suppress the XRP token.
Charles Hoskinson pointed to his past disagreements with the Ethereum community to show how unfounded these claims are.
Charles Hoskinson and Ripple have been trying to improve their relationship, but recent exchanges suggest the long-held “ETHgate” conspiracy theory still circulates within some parts of the XRP community.
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The latest clash
A user revelry accused Hoskinson of being involved in “#ETHgate”.
A conspiracy theory circulating among enthusiastic XRP supporters claims that Ethereum deliberately orchestrated the lawsuit against Ripple, mirroring the famous Watergate scandal. They believe this was a planned effort to harm XRP.
Charles Hoskinson has a complicated history with Ethereum. He explained that he was forced out of the project back in June 2014, and since then, he feels they’ve consistently criticized him, even writing negatively about him in books. He then pointed out the irony of being asked years later to collaborate with Ethereum against XRP.
Hence, his involvement is highly unlikely despite years of accusations.
The origins of “ETHgate”
Following the SEC’s lawsuit against Ripple Labs in late 2020 regarding claims of selling unregistered securities, supporters of XRP began to suggest that people within Ethereum had improperly influenced SEC officials. They believe Ethereum insiders may have bribed officials to avoid strict regulation, while at the same time pushing the SEC to specifically target Ripple with legal action.
Even though Charles Hoskinson was one of Ethereum’s original founders before leaving under difficult circumstances, he repeatedly disputed the idea that his departure was negative.
He consistently maintained that there’s no concrete proof of bribery or a planned attack orchestrated by people within Ethereum.
The SEC’s actions were simply flawed and incompetent, but not biased.
Charles Hoskinson upset the passionate “XRP Army” by refusing to support the unproven claims of the “ETHgate” conspiracy theory.
Things came to a head between 2022 and 2023. Following a long period of harsh personal attacks and claims, Hoskinson publicly snapped.
He called the XRP community toxic and insignificant, essentially cutting off all ties. He also stated he would no longer discuss XRP, Ripple, or the lawsuit with the SEC.
The relationship between Cardano and Ripple eventually thawed (at least, at the executive level).
In 2024, Charles Hoskinson reached out to the XRP community in a gesture of goodwill. He then held discussions with Ripple’s CEO, Brad Garlinghouse, and Chief Technology Officer, David Schwartz.
Recent activity on social media suggests that the XRP community is still quite divided and hasn’t fully resolved its disagreements.
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2026-05-17 14:14