{"id":78375,"date":"2026-03-31T02:32:04","date_gmt":"2026-03-31T02:32:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=78375"},"modified":"2026-03-31T02:32:04","modified_gmt":"2026-03-31T02:32:04","slug":"charles-hoskinson-blasts-ripple-for-backing-bill-that-could-crush-competition","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=78375","title":{"rendered":"Charles Hoskinson Blasts Ripple For Backing Bill That Could Crush Competition"},"content":{"rendered":"
\n

Cardano founder Charles Hoskinson used a lengthy weekly livestream to level one of his sharpest recent attacks at Ripple, arguing that the company is backing legislation that could entrench incumbents, weaken DeFi protections, and make it harder for new crypto projects to compete.<\/p>\n

The core of Hoskinson\u2019s complaint was not aimed at XRP holders, but at what he described as Ripple\u2019s policy posture in Washington and the behavior of CEO Brad Garlinghouse<\/a>. In Hoskinson\u2019s telling, Ripple is pushing for rules that would classify new tokens as securities by default while benefiting from carve-outs that would leave larger, established players in a stronger position.<\/p>\n

Hoskinson Takes Aim At Ripple Over Competition Fight<\/h2>\n

Hoskinson said<\/a> Garlinghouse was \u201ctrying to pass a bill that makes everything by default a security until proven otherwise,\u201d calling that framework a non-starter for the broader market. He argued that such an approach would effectively recreate the kind of regulatory pressure that former SEC Chair Gary Gensler<\/a> brought to the sector, only this time through legislation supported by industry actors rather than enforcement alone.<\/p>\n

\u201cHe\u2019s trying to pass a bill that makes everything by default a security until proven otherwise, which was the treatment Gary Gensler inflicted on his own ecosystem,\u201d Hoskinson said. \u201cIt\u2019s a non-starter, because he knows that he\u2019s going to get an exemption and it reduces competition. So, [expletive] the whole industry. It\u2019s bad behavior.\u201d<\/p>\n

That argument sat at the center of a wider rant about market structure, lobbying, and what Hoskinson sees as crypto\u2019s growing willingness to trade open competition for regulatory protection. He said he had already laid out<\/a> \u201cfour different attack vectors\u201d the SEC could use if such a bill were enacted, and warned that the damage would not stop with token issuers.<\/p>\n

According to Hoskinson, the proposal would also leave open-source developers exposed by stripping out protections for DeFi builders. \u201cThe bill also removed all developer protections for DeFi developers,\u201d he said. \u201cWho takes care of the Tornado Cash people and these other people writing open-source software? We can\u2019t live in a space where you have transitive unlimited liability.\u201d<\/p>\n

He extended that point with one of the livestream\u2019s longer analogies, arguing that holding software developers liable for downstream use of their code would amount to a category error. \u201cYou write code and people you\u2019ve never met use that code in places you\u2019ve never been to and you\u2019re held absolutely liable for that,\u201d Hoskinson said. \u201cThat\u2019s equivalent to you writing a book, someone reads the book and murders somebody based on a character in your book and then you get charged with murder. It\u2019s basically the same thing.\u201d<\/p>\n

Hoskinson also took aim at what he described as the XRP community\u2019s reflexive defense of Ripple whenever he criticizes the company. He said there is \u201cno path for people to listen to the content\u201d of his argument because any criticism of Garlinghouse is treated as an attack on XRP itself. He pushed back on that framing by noting that he publicly supported Ripple when the SEC sued the company years ago, but said that did not obligate him to back its current lobbying goals.<\/p>\n

\u201cGuys, I did support you when you got sued by the Securities Exchange Commission,\u201d he said. \u201cThere\u2019s videos of me. You can pull them up from years ago where I said it was the wrong decision.\u201d<\/p>\n

From there, Hoskinson shifted into one of crypto\u2019s oldest fault lines: token distribution. He argued that Ripple had no need for outside help in its legal fight because the organization \u201cgave themselves a mammoth premine,\u201d saying the company already had the resources to defend itself and pursue acquisitions. He contrasted that with Cardano, saying, \u201cI didn\u2019t give myself 70% of the ADA supply.\u201d<\/p>\n

At press time, XRP traded at $1.35.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Cardano founder Charles Hoskinson used a lengthy weekly livestream to level one of his sharpest recent attacks at Ripple, arguing that the company is backing legislation that could entrench incumbents, weaken DeFi protections, and make it harder for new crypto projects to compete. The core of Hoskinson\u2019s complaint was not aimed at XRP holders, but […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-78375","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78375"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78375\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}