Ethereum co-founder Vitalik Buterin attacked XRP in a discussion that was sparked by the recent 30,000 Canadian dollar limit on altcoin purchases by two Ontario crypto exchanges, which excluded Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Ripple chief technology officer David Schwartz didn't take kindly to this.
In a tweet reply, Buterin praised the Ethereum community's opposition to laws that favor ETH over other cryptocurrencies. In response to Buterin, David Hoffman, the creator of the decentralized media and education platform Bankless, stated that he wouldn't have objected if they had restricted XRP.
Buterin joined the XRP criticism, saying, "They already lost their right to protection when they tried to throw us under the bus as "China-controlled". " Buterin's retort sparked a Twitter ruckus among XRP supporters, and Schwartz later entered the discussion.
Buterin was referring to Ripple's defense in its ongoing legal 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 even called the top two cryptocurrencies Chinese-controlled.
Schwartz asked Buterin in his final tweet whether the market or the government should decide the security dispute.
With Ripple asserting that the SEC is manifestly biased against them and in favor of Ethereum, the potential security classification of Ether has come up frequently during the ongoing legal procedures. In a 2021 interview, the CEO of Ripple, Brad Garlinghouse, claimed that the SEC was instrumental in ETH overtaking XRP as the second-largest cryptocurrency.