Charles Hoskinson clarifies his grand conspiracy statement to XRP holders, saying he could have been more precise with his words during the 2022 interview.
Cardano founder Charles Hoskinson has continued to clarify his “grand conspiracy” statement aimed at XRP holders.
Hoskinson Grand Conspiracy
Notably, Hoskinson used the grand conspiracy statement during a 2022 interview on Thinking Crypto to describe allegations about Ethereum founder Joseph Lubin bribing the SEC to attack Ripple and XRP.
Although controversies surrounding the statement ended last year, it resurfaced following Hoskinson’s outburst after the SEC deemed ADA a security for the third time in a year.
The Cardano boss criticized the SEC for giving Bitcoin and Ethereum a complete pass while unfairly considering other crypto assets, including ADA, as securities.
However, Hoskinson’s frustration with the SEC stirred reactions from XRP enthusiasts, who recounted how he called them conspiracy theorists for making similar complaints.
Responding, Hoskinson clarified that his grand conspiracy statement was never about the free pass but allegations that Lubin bribed the SEC to attack XRP and Ripple.
Cardano Founder Says He Could Have Been More Precise
Interestingly, XRP YouTuber Moon Lambo refuted Hoskinson’s claim using a transcript of his interview on Thinking Crypto. The YouTuber stated that Hoskinson was not asked about Ethereum’s co-founder when he made the grand conspiracy comment.
ADA holder here, but this is not true. You were not asked about Joe Lubin in the Thinking Crypto interview that set this all off.
I transcribed *everything* last year and reviewed the conflict as it unfolded chronologically.
Here's what you were asked:https://t.co/RKC6LN89bn
— Moon Lambo (@MoonLamboio) November 29, 2023
In response, the Cardano founder wished his words were more precise during the interview.
“I could have been more precise with my words during a throwaway interview…”
Per Hoskinson, the reason why several XRP enthusiasts have refused to forget about the grand conspiracy statement is not because of his ambiguity but that they conflate both theories – Ethereum free pass and Lubin orchestrating the SEC’s attack against Ripple.
However, he emphasized that his point has always been aimed at some XRP holders who believe Lubin orchestrated the attack against Ripple to help Ethereum grow.
“At this stage, if anyone isn’t clear, then they are either purposefully staying naive or stupid. There is no middle ground here,” he added.
I could have been more precise with my words during a throw away interview, but let's be very clear since we are being intellectually honest. A lot of XRP people believe that Joe bribed the SEC to go after XRP to take them out so Ethereum could rise. This has always been my…
— Charles Hoskinson (@IOHK_Charles) November 30, 2023
Will SEC Sue Cardano?
With the SEC consistently labeling ADA as a security on three occasions, there are speculations that the regulator could soon take legal action against Cardano execs.
So far, the regulator has yet to signal any intention to charge Cardano with offering ADA as an unregistered security.
Meanwhile, the regulator is still embroiled in a legal battle with Ripple, as the case is currently in the remedies stage. Notably, the outcome of the Ripple lawsuit will determine the regulator’s next line of action against crypto projects it deemed to be securities.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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