Ripple CTO and Cardano Founder Clash Over Controversial ETH Gate Theory
The clash between Ripple CTO David Schwartz and Cardano founder Charles Hoskinson over the controversial ETH Gate theory has once again brought the topic to the forefront of the crypto community’s attention. The debate, which resurfaced during an X Spaces event featuring Hoskinson, revolves around allegations of Ethereum’s influence on SEC regulations and actions against Ripple and XRP.
Hoskinson dismissed claims that Ethereum bribed the SEC to target Ripple, labeling it as a conspiracy theory without evidence. In response, Schwartz raised questions about former SEC official William Hinman’s ties to Ethereum and his law firm, suggesting potential conflicts of interest that may have influenced regulatory decisions.
The heated exchange between the two crypto heavyweights highlights the ongoing tension surrounding the ETH Gate theory. While Hoskinson accused Schwartz of inciting the mob with his comments, Schwartz maintained that the focus should be on how regulatory decisions have impacted different crypto assets.
This latest clash is not the first time Hoskinson and Schwartz have disagreed on the ETH Gate issue, underscoring the deep divide within the crypto community on this contentious topic. As the debate continues to unfold, investors are advised to conduct thorough research before making any investment decisions in the volatile crypto market.
