The Tribes


Main Hall - August 18, 2022

Ripple CTO lashes back at Vitalik Buterin for his dig at XRP

🚀 Tip Me 🥰

In a discussion that started around two Ontario crypto exchanges’ recent 30,000-Canadian-dollar limit on altcoins purchases — which excluded Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) — Ethereum co-founder Vitalik Buterin took a dig at XRP, which Ripple chief technology officer David Schwartz didn’t take very kindly.

Buterin, in a response to a tweet, lauded the Ethereum community’s pushback against regulations that privilege ETH over other cryptocurrencies. David Hoffman, founder of decentralized media and education platform Bankless, responded to Buterin and said he wouldn’t have minded if they had restricted XRP.

Buterin joined in on the XRP bashing, claiming, “They already lost their right to protection when they tried to throw us under the bus as ‘China-controlled.’” The response from Buterin created a storm among XRP followers on Twitter, and the debate was later joined by Schwartz himself.

Buterin was referring to Ripple’s defense in its ongoing court battle with the United States Securities and Exchange Commission, in which it claimed XRP shouldn’t be deemed as security since Ether and Bitcoin (BTC) are similar in nature, and it even called the top two cryptocurrencies Chinese-controlled. Ripple is currently fighting a lawsuit from the SEC over the alleged unlicensed sale and issuance of XRP tokens.