This article discusses the controversy surrounding the US Securities and Exchange Commission’s (SEC) alleged favoritism towards Ethereum over Ripple and XRP. The founder of Coinpedia, Qadir Ak, provides some background on the issue. The controversy arose when Steven Nerayoff claimed that a false case was constructed against him due to his knowledge of Ethereum’s initial coin offering (ICO). Nerayoff ultimately won his legal battle. However, John Deaton highlighted an email exchange between Bill Hinman and Joseph Lubin, which suggests a close tie between a regulatory figure and key officials in the crypto space. This has raised concerns about potential favoritism towards Ethereum within the SEC. Charles Hoskinson, the founder of Cardano, rejected rumors of Ethereum bribing the SEC to target Ripple and XRP, labeling it as an unfounded conspiracy theory. He emphasized that Ripple operates in a different smart contract space and is not a direct competitor to Ethereum.
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