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HomeCrypto NewsCardano Founder Responds to Fox Business Criticism of XRP Supporters

Cardano Founder Responds to Fox Business Criticism of XRP Supporters

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Charles Gasparino, a Fox Business presenter, criticized the charges made by members of the XRP community against William Hinman, a former director of the SEC’s Division of Corporation of Finance.

Gasparino recently urged XRP supporters to mature, saying they were beginning to sound like children and conspiracy theorists in a string of tweets.

Corruption Allegation Between Ethereum Officials and Hinman

It is relevant to recall that the XRP community claimed that Hinman was involved in a corrupt relationship with senior Ethereum officials. This led to his contentious June 2018 address, in which he categorically said that ETH is not a security.

As a point of context, Hinman was a partner at Simpson Thacher & Bartlett and a member of the Enterprise Ethereum Alliance (EEA). Hinman collected nearly $9M in bonus and retirement income from Simpson Thacher after he departed the SEC. The XRP community has kept making these claims against Hinman and Ethereum as the Ripple and SEC dispute drags on.

Gasparino’s Remark

In response to these allegations, Gasparino stated that Hinman had not been charged with any illegal activity related to his relationships with Ethereum officials. Gasparino claimed that other than “XRP chirpings,” there are no official indictments or investigations into Hinman’s role at the SEC, despite his belief that Joe Biden’s administration would love to bring down a member of Donald Trump’s administration over a corruption scandal.

Additionally, Gasparino exhorted the XRP community to concentrate on exerting pressure on the SEC regarding how disgraced FTX founder Sam Bankman-Fried and FTX’s native token, FTT, managed to avoid Ripple and XRP’s demise under Gary Gensler’s leadership.

Gasparino continued by stating that the purported evidence regarding Hinman’s connections to Ethereum is not proof of any criminal activity.

Cardano Founder Reacts

Charles Hoskinson, the founder of Cardano, responded to Gasparino’s most recent tweets after the XRP community chastised him for calling the claims against Hinman a vast plot.

In a tweet yesterday, Hoskinson said he had no comment on the development. 

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