Craig Wright doesn’t seem to be well respected in the crypto and blockchain circle. He has been very controversial.
Recently, he tweeted that XRP is just “another illegal unregistered security platform.” In addition, he also tweeted that Ethereum [ETH] has lost its use-cases. He then said that he hopes these cryptocurrencies are taken down by the Securities and Exchange Commission (SEC).
Craig Steven Wright, is a well-known Australian computer scientist and businessman, who has claimed to be Satoshi. Also, he claims to be a member of the team that created Bitcoin [BTC]. However, everyone refers to him as the “Faketoshi”. He is behind the cryptocurrency Bitcoin Cash SV [BCHSV] or Bitcoin Cash Satoshi Vision.
He tweeted from his official Twitter handle: “Any use-case for ETH no longer exists following the confirmation by the @SEC_News on ICOs. All as I have been trying to say for years. Next target, XRP. Another illegal unregistered security platform to take down.”
Of recent, the SEC temporarily shut down two crypto and blockchain startups. They were also fined a huge sum of $250K for holding the Initial Coin Offerings (ICO) without informing the authorities.
Faketoshi has also referred to XRP (Ripple’s native cryptocurrency) as illegal, and has urged the SEC to take down the platform. Supporters of the Ripple Foundation and the cryptocurrency have been trying to correct him.
A tweet from one of the users says: “I think Prof Fistanus doesn’t have a clue about the definition of a security in crypto space. Let me educate him once. 1. Ripple never had an ICO, 2. The xrp ledger is highly based on decentralization, 3. Xrpl works independent from Ripple. The ledger continues to function if ripple is going out.”