Ethereum co-founder Vitalik Buterin made statements in response to Ontario, Canada-based cryptocurrency exchanges Newton and Bitbuy. Vitalik Buterin stated that XRP lost its right of protection after Ripple tried to severely criticize Ethereum as a “Chinese-controlled asset”. At the same time, the Ethereum co-founder said he is pleased that people are opposing regulations that make Ethereum stand out over other legitimate cryptocurrencies.

Additionally, Newton and Bitbuy have imposed an annual “buy limit” of CAD 30,000 for all current cryptocurrencies except Bitcoin, Ethereum, and a few other altcoins. Bankless co-founder David Hoffman said, “I wouldn't have said anything if they had restricted XRP.”


Back in December 2020, Buterin accused Ripple of "sinking to new levels of weirdness" as it tried to treat Bitcoin and Ethereum as "Chinese-controlled assets" as the country made up the majority of the global hash rate. In April 2020, Ripple co-founder Chris Larsen wrote an article claiming that Bitcoin could potentially be destroyed by the Chinese Communist Party. However, it is worth noting that the USA is currently the largest Bitcoin mining center.

Buterin's latest anti-XRP comment has drawn a lot of criticism from the token community. Ripple CTO David Schwartz has accused the Ethereum community of trying to punish projects that disagree with the government's narrative. The architect behind the XRP Ledger believes it is “completely fair” to make a comparison between miners in proof-of-work systems and shareholders in companies. John Deaton, managing partner of Deaton Law Firm, also targeted Buterin, claiming that “innocent” XRP holders had nothing to do with Ripple.

XRP price was $0.376 at the time of writing, and XRP's 24-hour trading volume was $1,054,642,238. XRP price is up 0.1% in the last 24 hours.