XRP News: Ripple CEO Garlinghouse calls for industry unity amid ongoing SEC battle over XRP.
Cardano News: Hoskinson praises Garlinghouse, signaling a shift in his stance on XRP.
Crypto Regulation: Trump’s potential SEC leadership change may bring clearer regulations for crypto.
Cardano founder Charles Hoskinson recently generated excitement in the crypto community by praising Ripple CEO Brad Garlinghouse, calling him a “great CEO” and describing their conversation as “highly collaborative.”
This positive exchange has sparked speculation about a potential partnership between Cardano and Ripple, as both companies face similar regulatory struggles in the U.S.
With Trump’s win the entire crypto market is hopeful for better regulatory clarity and many crypto cases may dissolve soon. Hoskinson’s criticism and then open support for XRP says a lot.
Let’s dive into what it means for you.
Ripple CEO’s Call for Unity
Brad Garlinghouse, Ripple’s CEO, echoed these sentiments on social media, advocating for the crypto industry to unite and push for clearer regulations. Garlinghouse highlighted the need for a “level playing field” with consistent regulatory guidelines, suggesting that collaboration across the industry would lift the entire sector. Right now, Ripple is in a landmark legal dispute with the SEC that could affect other U.S. cryptocurrencies.
Why Did Hoskinson Change His Stance?
Hoskinson’s new support for Ripple marks a notable shift from his previous criticism of XRP and Ripple’s strategies. While some in the community welcome this potential collaboration, others are more cautious. Cardano and Ripple each have unique focuses—Cardano prioritizes research-based development and a multi-layered architecture, while Ripple is dedicated to streamlining cross-border payments.
Despite these differences, a partnership could prove beneficial by leveraging each other’s strengths.
Mixed Reactions: Is the Crypto Community on Board?
Not everyone in the crypto space is enthusiastic about this potential alliance. Blockchain veteran Steven Nerayoff criticized Hoskinson, alleging that his comments might be politically motivated. He pointed to past controversies involving “secret deals” and industry disputes, such as “ETHGate,” as examples of why he believes Hoskinson may be attempting to reshape past narratives.
Ripple vs SEC: Will it End Soon?
Ripple’s ongoing battle with the SEC may face new developments, as pro-crypto President Donald Trump has indicated plans to replace SEC Chair Gary Gensler, who has led the agency’s aggressive approach against Ripple’s XRP.
This leadership change could influence Ripple’s case and perhaps even result in more crypto-friendly policies.
Cardano’s price could rise if a partnership with Ripple happens, especially with both facing similar regulatory challenges. Hoskinson’s support for Ripple and push for clearer regulations could create a more favorable environment for Cardano.
Cardano could be a good investment if you believe in its long-term vision for research-driven development and smart contract scalability.
Perhaps this is the beginning of a new era of collaboration and understanding in the crypto world. Fingers crossed!