Cardano founder Charles Hoksinson is known for his outspoken and readily available conversations for his followers. Recently Hoskinson was seen speaking about the allegation of Ethereum regarding the SEC vs. Ripple lawsuit. It was rumored that the case might be the result of corruption.
Hoskinson, who was also among the developers of Ethereum network, was seen earlier to indulge in such conversations even before. He engaged in arguments with community members of XRP and in some instances even with the representatives of Ripple network. The point of debate being that Ethereum network benefited after all the beleaguered situations created around Ripple (XRP).
The Ethereum co-founder cited the conversations as conspiracy theories that stated that Ethereum was controlling the United States Securities and Exchange Commission. And the agency was bribed to go after the payment protocol and its native token XRP. He said it never happened.
The instance that acted as the root cause to make this assumption that Etheruem is somehow related with the case is related to the former director at SEC, William Hinman. The former SEC head had said that the native crypto asset ETH is not a security and he cited its decentralization as the reason behind it.
In the following days, it was reported that the law firm in relation with Hinman received funding from Enterprise Ethereum Alliance.
Hoskinson has reinstated his viewpoint on the corruption problem and predicted when the SEC v. Ripple case could be over. The experiment may therefore finish as soon as the following few days, specifically on December 15, according to reports that the Cardano founder shared when responding to queries during a live broadcast.
Charles Hoskinson, a co-founder of Cardano (ADA), describes the characteristics of a new privacy-focused protocol that will be included into the ecosystem of the smart contract platform.
Hoskinson claims that Cardano’s future privacy protocol Midnight, which was unveiled last month, seeks to establish a confidentiality network of smart contracts, much to what Ethereum (ETH) achieved for Bitcoin in a recent interview on Corey Costa’s Crypto Coins YouTube channel (BTC).
According to Hoskinson, Midnight tries to resolve the paradoxical issue of having both privacy and disclosure rules at the same time.
He said that from a legal standpoint, using blockchain technology for privacy is not actually permitted. The Bank Secrecy Act, the General Data Protection Regulation, and various privacy departments are all in place.
Every time someone engages in regulated business, there is a privacy need because regulated business compels to divulge some personally identifiable information, and privacy law on the other side of it says to keep it a secret.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2022/12/12/charles-hoskinson-on-allegations-of-ethereums-role-in-ripple-sec-case/