Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit against the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson’s debate on X. Related Reading: Ethereum Price Reverse Gains, Can ETH Bulls Save The Day? Is There A Double Standard For Ethereum? On Thursday, crypto firm Consensys sued the US SEC, accusing the regulator of “unlawful seizure of authority” over Ethereum. Following the news, an online conversation sparked regarding the SEC’s alleged favoring of the second-largest cryptocurrency by market capitalization. X users commented on crypto exchanges’ “double standard.” Many pointed out platforms like Binance, Coinbase, Crypto.com, and Bitstamp delisted XRP after the SEC’s crackdown on Ripple. Hey @coinbase @cryptocom @BinanceUS @Bitstamp @BittrexExchange when delist Ethereum? Are you still trying to comply with regulatory concerns or no??? pic.twitter.com/QiWG9qEUbZ — Digital Asset Investor (@digitalassetbuy) April 26, 2024 Moreover, members of the crypto community also asked for ETH’s delisting. One user stated that if the crypto asset “doesn’t get delisted, we know #ETHGate is real.” The theories about the SEC attacking Ripple and XRP in favor of Ethereum are part of an ongoing saga that has raised concerns and speculation over the agency’s regulatory inconsistency. Last year, lawyer and crypto expert Jeremy Hogan weighed in on the publication of Hinman’s emails and drafts from his 2018 speech. Hogan alleged that the former SEC’s Division of Corporation Finance director was likely paid by someone related to the Ethereum Foundation to give a speech giving ETH a “free pass.” Ripple CTO Questions Hoskinson’s ETH Gate Stand Charles Hoskinson stated that an apology from the XRP army and Ripple executives was needed before a project collaboration. Hoskinson alleged during a recent X Space meeting that XRP’s community has attacked him daily since 2022. Following the session, members of the XRP army cursed him out and declared he was wrong. Hoskinson replied, seemingly trying to prove his point, alleging the hate “It’s never-ending and completely devoid of reason.” Jack, a prominent figure in the XRP community, argued that platforming those who attacked Hoskinson would not help the situation. Cardano’s founder then corrected someone, claiming he “misspoke” and “mischaracterized” the community’s allegations. Hoskinson clarified he didn’t misspeak, as people believe “members of the Ethereum community bribed the SEC to take out XRP.” According to him, this narrative has reignited several times with “no evidence of it.” Ripple’s CTO joined the discussion, questioning Hoskinson over his claims of lack of evidence. Schwartz stated: “So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?” So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason? — David "JoelKatz" Schwartz (@JoelKatz) April 28, 2024 To Hoskinson, Schwartz was “inciting a mob by spreading false information.” He also denied invalidating the ETH Gate arguments, claiming his “grand conspiracy statements have always been related to the belief that somebody from Ethereum bribed the SEC to go after XRP.” The back-and-forth between the two crypto gurus ended with Ripple’s CTO further doubling down on his questions. He asked whether Hoskinson didn’t think any of his statements were evidence that Hinman’s interests influenced and affected the litigation against Ripple, which received no reply. Related Reading: XRP Sees Over $12 Million Sell-Off: Whale Warning Or Buying Opportunity? XRP is trading at $0.50 in the 7-day chart. Source: XRPUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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CME To Debut Bitcoin Trading Amid Growing Wall Street Interest
The recent report regarding the Chicago Mercantile Exchange (CME) to introduce Bitcoin trading has sent ripples through the cryptocurrency market. Notably, this move, aimed at tapping into the surging demand for digital assets among institutional investors, marks a significant milestone in the evolution of cryptocurrency trading. Meanwhile, the decision, reported by the Financial Times, has sparked discussions The post CME To Debut Bitcoin Trading Amid Growing Wall Street Interest appeared first on CoinGape .
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Vanguard’s Incoming CEO Won’t Launch Bitcoin ETF
Salim Ramji is set to become the CEO of Vanguard on July 8, succeeding Tim Buckley. In an interview with Barrons, Ramji addressed Vanguard’s position on cryptocurrency, emphasizing consistency in the company’s investment philosophy. He supported Chief Investment Officer Greg Davis’ stance, which aligns with Vanguard’s decision not to launch its own spot bitcoin ETF.
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CME Group eyes spot Bitcoin trading currently dominated by Binance and Coinbase
Reports suggest that the Chicago Mercantile Exchange (CME) Group, already a heavyweight in Bitcoin futures trading, is considering entering the spot bitcoin trading arena. The move could have far-reaching implications for institutional investors and the broader crypto ecosystem where Binance and Coinbase dominate in spot Bitcoin trading. According to reliable sources, the Chicago-based group is
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Michael Saylor Foresees U.S. Pension Funds’ Bitcoin Adoption
Michael Saylor, co-founder of Microstrategy and a prominent Bitcoin advocate, recently suggested in a social media post that U.S. pension funds, which collectively manage approximately $27 trillion in assets, will need to incorporate bitcoin into their portfolios. He stated, “There are thousands of pension funds in the United States managing ~$27 trillion in assets. They
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Billionaire Mike Novogratz Says New ‘Market Events’ To Propel Bitcoin, Ethereum and Solana Higher
Galaxy Digital CEO Mike Novogratz is predicting that new “market events” will propel Bitcoin (BTC) and other crypto assets to the next leg up. In Galaxy Digital’s Q1 earnings call, the billionaire says that a break out for Bitcoin, Solana (SOL), Ethereum (ETH) and other digital assets could still be a few months away, following The post Billionaire Mike Novogratz Says New ‘Market Events’ To Propel Bitcoin, Ethereum and Solana Higher appeared first on The Daily Hodl .
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