Ethereum founder Vitalik Buterin tweeted today that Ethereum supporters have no need to support or defend XRP. He used Ripple’s filings with the SEC in December 2020, in which the company said that Ethereum was controlled by the Chinese.
“XRP already lost their right to protection when they tried to throw us under the bus as’ China-controlled ‘imo,” Buterin tweeted.
Buterin’s comments come at the same time as the release of new Canadian crypto regulations that limit the amount of crypto that people in some areas can buy in a year to $30,000. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin were specifically left out of this new directive’s ban. Solana, on the other hand, was named as a cryptocurrency that was not allowed.
In response to Trustless creator David Hoffman’s criticism of the new regulation, Buterin praised Hoffman for standing up for “other genuine cryptocurrencies” even though Ethereum was not in danger.
“Glad to see Ethereum people pushing against regulations that privilege ETH over other legitimate cryptocurrencies,” Buterin said.
Prominent members of the XRP community, including David Schwartz, Jeremy Hogan, and John Deaton, did not hold back their responses to this statement from the top citizen of the Ethereum community on Twitter.
The sensitive remark made by the co-founder of Ethereum prompted David Schwartz, CTO of Ripple, to write:
“The government should punish projects that disagree with our narrative” seems pretty on brand for ETH. Also, I do think it’s perfectly fair to analogize miners in PoW systems to stockholders in companies. Just as eBay’s stockholders earn from the residual friction between buyers and sellers that eBay does not remove, so do miners in ETH and BTC.”
“Just as eBay stockholders want to leave as much friction between buyers and sellers as they can because that’s their revenue stream, so do miners in ETH and BTC. That’s part of why they have higher fees than XRPL.”
Lawyer John Deaton, who is now representing over 70,000 XRP holders in the ongoing Ripple-SEC litigation, stated:
“I’ve brought up things like Vitalik getting the exchanges to halt trading but always said he had good intentions. Vitalik should I send you emails of people financially devastated by SEC’s overreach? People who’ve never heard of Ripple have had their XRP and life savings frozen.”