Cardano’s founder, Charles Hoskinson, suggests that Ethereum may have avoided scrutiny from the Securities and Exchange Commission (SEC) due to personal relationships and behind-the-scenes dealings. He dismisses claims of a conspiracy against Ripple, stating that Ripple’s XRP is not a competitor in the smart contract ecosystem. This comes after accusations by an early Ethereum adviser, Steven Nerayoff, that the SEC turned a blind eye to Ethereum’s shortcomings during its initial coin offering stage. There are also allegations that Ethereum may have breached its Terms of Service, raising doubts about its decentralization. Critics question how Ethereum satisfied the SEC despite XRP being labeled as a security. Yassin Mobarak, the founder of Dizer Capital, suggests the SEC may not proceed with its case against Ripple to protect its own secrets.
AI Sentiment: Neutral