Popular author Linda Jones claims that the US Federal Reserve, JP Morgan and Ethereum are collaborating to hurt XRP.
‘FED and Ethereum collaborating to hurt XRP’
Linda Jones, one of the leading names in the XRP community, has recently made interesting claims. His reports came shortly after revealing a link between Ethereum, China, and Prometheum.
In a tweet, Jones said, “In the early days of the company, Vitalik Buterin, Tron and others came to the Ripple office as interns and employees. Now apparently they were sent by the Fed and China,” he wrote. Jones says that Ethereum founder Vitalik Buterin and some people associated with Tron knocked on Ripple’s door long ago. They allegedly had the Fed and China behind them.
In the early days, Buterin, Tron and other people appeared at the Ripple office as interns and employees. It now appears they were sent by the Fed and China. https://t.co/qaSAl3XodL
The Fed banks knew Ripple would create a level playing field which would take their power 1/8
— Linda P. Jones (@LindaPJones) June 23, 2023
In April, former Ripple Director Matt Hamilton suggested that Buterin had applied for an internship at Ripple.
They banded together to hurt XRP
According to Jones, the Fed was aware of the capacity of Ripple’s technology to create a fair and equitable environment. Therefore, he claims that the central bank sees Ripple as a threat to its authorities in the financial field. He claimed to have launched a project called “North Star” to create a crypto ecosystem to counter this threat. The approach was aimed at centrally influencing XRP. Thus, they would create a “safe haven” perception where their assets would gain an advantage over XRP.
It should be noted that the recently published Hinman documents reveal a kind of concentration on Ethereum. Industry leaders think Bill Hinman’s goal may be to give Ethereum a free pass. A JP Morgan article claimed that the release of the Hinman documents was “a boost for Ethereum.” cryptocoin.comAs JPMorgan General Manager, we quoted what Nikolaos Panigirtzoglou wrote about it.
Jones also claims that Vitalik Buterin is linked to JP Morgan. He suggests that Buterin and his consortium of investors have raised substantial capital through Ethereum’s ICO. According to his report, JP Morgan was dealing with Meta Mask and Infura in March 2022. At that time, the company published a Protos article detailing how it profited from them. These two protocols represent the underlying infrastructure of Ethereum.
US legal uncertainty surrounding Ethereum continues
The lack of comprehensive crypto regulations in the US has been another point of contention for Jones. He claimed that the SEC deliberately avoided enacting laws regarding cryptocurrencies. According to Jones, this regulatory uncertainty was a deliberate attempt by Wall Street and banking institutions to manipulate markets.
