Charles Hoskinson said the corruption discussion within the SEC is a completely separate matter and should be treated as such.
Ripple continues to be embroiled in a legal tussle with the SEC, and certain community members have claimed significant corruption on the agency’s side for targeting the blockchain firm. Cardano founder Charles Hoskinson has cleared his stance on the matter and backed Ripple by saying that layer-1 protocols aren’t securities.
The XRP Army, however, isn’t happy with Hoskinson’s take on the debate surrounding corruption inside the SEC.XRP proponents believe there is a conflict of interest involving William Hinman, former SEC Director of Corporation Finance. During his time at the agency, he reportedly attended meetings with several Ethereum officials after declaring that ETH is not a security.
It also revealed that Ripple and its legal team met with SEC representatives once in April of 2018, three times in 2019, and twice again in 2020. These developments supported the growing belief that the regulatory watchdog unfairly targeted the blockchain firm in its crackdown.with the Thinking Crypto founder Tony Edward, Hoskinson said the XRP community attempted to invent a “grand conspiracy” about a “blatant corruption” between the insiders at the SEC and Ethereum.
Hoskinson also said it is “OK to be angry about selective enforcement” while highlighting that “proper steps need to be taken.”Ripple has been scoring small but notable wins against the SEC. In yet another tactical victory, District Court Judge Analisa Torresto release the documents written by Hinman.
It remains to be seen if the Commission will actually hand over the documents to the court. According to general counsel to Ripple Stuart Alderoty, the agency flaunted the past six orders given by the court, a move that is seen as deliberately fostering uncertainty rather than providing clear guidance.
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