Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A vocal XRP community member, "Mr. Huber," shared a screenshot from a paper co-authored by Ethereum co-founder Vitalik Buterin and Thibault Schrepel, "Blockchain Code as Antitrust."
He highlights a statement from the report that calls for certain legal protections to apply to all genuinely decentralized blockchain networks.
"All genuinely decentralized blockchain infrastructures - such as we have defined them [Ethereum] - should benefit from various legal protections, whether in law enforcement or regulation," the sentence reads.
The Twitter post got the attention of Ripple CTO David Schwartz, who replied: "Anyone knows what they're referring to when they say "various legal protections" in the highlighted part above? I can't figure it out from the paper."
Anyone know what they're referring to when they say "various legal protections" in the highlighted part above? I can't figure it out from the paper, but maybe I'm just really tired.
— David "JoelKatz" Schwartz (@JoelKatz) May 22, 2023Advertisement
Alex DovbnyaLast year, Ethereum creator Vitalik Buterin infuriated the XRP community after he said that the sixth largest cryptocurrency had lost its right to protection when Ripple tried to paint Ethereum as being "China-controlled."
This follows after Buterin criticized Ripple in December 2020 for "sinking to new levels of strangeness" by attempting to characterize Bitcoin and Ethereum as "China-controlled."
Meanwhile, in a positive twist regarding the Ripple-SEC lawsuit, John Deaton, the founder of CryptoLaw, discovered evidence in SEC internal emails that suggests there are good reasons to believe that XRP does not meet all of the requirements of the Howey Test and may not be considered a security.
Additionally, the court recently rejected the SEC's request to seal documents belonging to former SEC employee William Hinman that contained a 2018 lecture in which Hinman claimed Ethereum was not a security.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin