Cardano founder Charles Hoskinson recently made a surprising move aimed at reconciling with the XRP community, with whom he has had a strained relationship in the past. Taking to his official Twitter account, Hoskinson called for peace with the XRP community, sparking a series of debates on the platform.
The recent crackdowns by the SEC on major exchanges like Binance and Coinbase have demonstrated that no entity is exempt from regulatory scrutiny. In this context, gestures of goodwill could indeed help the industry navigate its current challenges more effectively.
Not everyone is as trustful of Hoskinson however, given his past comments and the recent designation of the ADA token as a security by the United States SEC, an agency which also recently targeted other cryptocurrencies like Solana, Filecoin, and Polygon.
The goal would therefore seem to be to establish a united front against the perceived common enemy, namely the SEC and its chairman, Gary Gensler. In any case, a growing number of XRP community members have responded positively to this call for a truce, recognizing that failure to unite at this time could lead to more significant issues for the entire industry in the future.
Cardano And Ripple To Unite Against SEC
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
September 07,2024
Here Is How To Protect Yourself Against Crypto Hackers
September 06,2024
Telegram Users Can Now Report Illegal Content In Private Chats
September 06,2024
EigenLayer Will Redistribute 86 Million Tokens In Season 2 Airdrop
September 05,2024
Richard Teng Demands Tigran Gambaryan Be Released Immediately
September 05,2024
Robinhood Being Forced To Pay Massive Fine For Previous Ban
September 04,2024
Hackers Promote Fraudulent Trump Family Project
September 04,2024
John Deaton Challenges Elizabeth Warren After Clinching Republican US Senate Primary
September 03,2024
WazirX Hacker Moves Stolen Funds To Tornado Cash
September 03,2024
Here Is Why September Is A Crucial Month For Crypto
September 02,2024
A New Era For Cardano Begins As Chang Hard Fork Goes Live
September 02,2024
BTC Miners Experience Worst Revenue Month Since September 2023
September 02,2024