The controversy surrounding the CLARITY law
Cardano founder Charles Hoskinson attacked the XRP community, calling its members “bad” and accusing them of lacking critical thinking skills. While expressing support for Ripple in its battle with the United States Securities and Exchange Commission (SEC), Hoskinson pointed out that Cardano failed to provide financial support because Ripple already had sufficient resources.
His remarks appeared in a video posted to X, responding to claims that he did not support Ripple CEO Brad Garlinghouse and his team during the company’s legal battle. The main catalyst for this feud is a deep philosophical disagreement over Brad Garlinghouse’s lobbying efforts. Hoskinson alleges that Ripple CEO is championing a version of the CLARITY Act, legislation he says would address new crypto projects in default guarantee, unless proven otherwise.
According to Hoskison, this legislation would “eliminate competition” for established players like Ripple and advance its bottom line rather than the industry’s collective cause. However, XRP supporters fought back, accusing Hoskinson of jealousy and abandoning Ripple as it spent $200 million to fight the SEC.
Meanwhile, in his video, Hoskinson reignited long-standing criticism of Ripple’s massive pre-mine, saying the founders gave themselves tens of billions of dollars and didn’t need outside help.
“The Ripple organization gave itself a gigantic pre-mining. That’s a fact. It’s like tens of billions of dollars that they have access to. They didn’t need the money,” Hoskinson claimed.
He compared this to the launch of Cardano, saying he did not take 70% of the ADAsupply. Hoskinson also reiterated his argument that Ripple is not fighting for the broader cryptocurrency sector and suggested that years of exposure to social media and “yellow journalism” have left the XRP community unable to separate arguments from those who support them.
FAQs ❓
- What did Hoskinson say about XRP? He called the XRP community “nasty” and accused it of a lack of critical thinking.
- Why didn’t Cardano financially support Ripple? Hoskinson argued that Ripple owned billions from its pre-mining and did not need help.
- What sparked the clash with Garlinghouse? Hoskinson criticized Ripple’s push for the CLARITY Act, saying it hurt other projects.
- How XRP do the supporters react? They accused Hoskinson of jealousy and abandoning Ripple during its fight with the SEC.
