XRP Community Demands an Apology as Cardano Founder Highlights “Backroom Stuff Played Role” During ETH ICO

Top XRP community member demands an apology after Cardano founder Charles Hoskinson admitted that personal relationships and backroom stuff likely influenced SEC’s decision to ignore Ethereum’s ICO.

Steven Nerayoff’s recent allegations surrounding the SEC’s engagement with Ethereum during and after ETH’s Initial Coin Offering (ICO) have continued to stir controversies within the broader crypto community. 

It bears mentioning that Nerayoff, an early Ethereum adviser, recently  made  some allegations regarding Ethereum ICO while hinting at possible corruption within the SEC. 

“Former SEC Chair was Joe Grundfest who has integrity which seems out of fashion. As to the number, I now realize one can’t tell the true # of ETH ICO buyers as it was explained by some how whales could disguise their large positions during the ICO,”  said Nerayoff. 

Hoskinson Reacts 

Expectedly, top crypto stakeholders, including John Deaton and Cardano founder Charles Hoskinson, have reacted to the development. 

In a tweet on September 17, Hoskinson said the SEC ignored Ethereum at its $18 million ICO as not many crypto projects were “doing them.”

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