Charles Hoskinson hinted at a potential class action against the Wyoming Stable Token Commission.
Blockchain firms could sue the commission for lack of fairness and transparency.
Hoskinson faulted the commission’s selection of Stellar over Ripple.
Cardano founder Charles Hoskinson has hinted at the possibility of a class action by the blockchain firms excluded from the Wyoming stablecoin project. Hoskinson said the firms could sue the Wyoming Stable Token Commission for allegedly not using a fair and transparent procedure when choosing the blockchain protocols for its stablecoin project.
XRP and Wyoming https://t.co/uztrsGNtxT
— Charles Hoskinson (@IOHK_Charles) November 25, 2024
In a recent video, Hoskinson shared details of an email from the Commission that informed him about their decision and listed the approved protocols. The Cardano founder pointed to Stellar, one of the blockchains on the Commission’s list, and asked how the open-source blockchain made the cut over XRP.
Hoskinson compared XRP’s market size and technical capacity to Stellar’s and questioned the Commission’s criteria. XRP has a market cap of over $82 billion and almost $11…
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