Vitalik Buterin's Tweet About XRP Started a Debate

by in Cryptocurrency News

Ether Ripple Vitalik Buterin

Ethereum co-founder Vitalik Buterin replied to a tweet by Bankless founder David Hoffman about the new crypto regulatory changes in Canada. The rules define that investors are allowed to buy an unlimited amount of Bitcoin, Ether, Litecoin, and Bitcoin Cash. However, there is a $20,000 limit for other crypto assets.

Related: Vitalik Buterin Says Layer 2 Transactions Need to Be Under $0.05

Hoffman criticized the approach, and Vitalik Buterin said he's glad to see Ethereum people not agreeing with rules that privilege Ether over other legitimate cryptos. He added although he hadn't dug into the details of what is happening, that doesn't really matter.

However, the conversation took another direction, when Hoffman responded he wouldn't be against it if regulators had restricted XRP. Buterin says XRP lost their right to protection when they made an attempt to throw Ether under the bus as "China-controlled," sharing earlier documents by Ripple saying why XRP isn't a security.

Following this, Ripple's CTO replied to the tweet, stating Ripple's views about Ether and BTC, comparing miners to eBay stockholders in the sense that all of them want to leave friction between buyers and sellers. says it's why they have higher fees than the XRP Ledger.

Ripple CTO asked Buterin whether he thinks the debate should be settled by the government or the market.