Cardano founder Charles Hoskinson recently sparked 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 led to speculation about a potential partnership between Cardano and Ripple, as both companies are facing similar regulatory challenges.
With Trump’s win the entire crypto market is hopeful for better regulatory clarity and many crypto cases may dissolve soon. Hoskinson criticism and then open support to XRP say 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.
A Shift in Hoskinson’s Stance
Hoskinson’s recent support for Ripple reflects a notable change from his previously critical views on XRP and Ripple’s approach. This new stance has generated mixed reactions; while some are encouraged by the potential for cooperation, others remain cautious. Despite different focuses—Cardano on research-driven development and layered architecture, and Ripple on cross-border payments—the two projects could complement each other well if they decide to join forces.
Steven Nerayoff’s Criticism
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. Nerayoff’s critical response highlights ongoing rivalries in the crypto world, where past conflicts continue to shape current interactions.
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. Crypto analysts speculate that a new SEC direction might ease regulatory pressures for Ripple, aligning with Hoskinson and Garlinghouse’s shared vision for a more unified industry regulatory framework.
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.
Source: https://coinpedia.org/news/ripple-and-cardano-partnership-could-hoskinsons-support-lead-to-new-crypto-alliances/