In a recent post on X, Cardano co-founder Charles Hoskinson expressed his admiration for Ripple CEO Brad Garlinghouse, describing him as “extremely collaborative” and a “great CEO.”
This public praise comes after Hoskinson revealed that he had engaged in a conversation with Garlinghouse, indicating a potential end to his long-standing issues with Ripple and the XRP community.
Hoskinson has been in many public altercations with members of the XRP army, particularly regarding the ETH Gate conspiracy theory, which alleged the U.S. Securities and Exchange Commission (SEC) of being bribed by the Ethereum camp to target XRP.
Hoskinson has consistently refuted these claims, rubbing many in the XRP community the wrong way. In early 2024, Hoskinson commented on these issues, stating that the XRP army was not ready for peace.
However, Hoskinson’s recent remarks suggest a willingness to rebuild ties with Ripple, its CEO, and the broader community.
Garlinghouse reciprocated Hoskinson’s kind gesture, emphasizing the need for a unified cryptocurrency community to work towards a level playing field. In Garlinghouse’s words, “A rising tide lifts all boats,” highlighting the importance of collaboration within the industry.
This move comes at a time when both ADA and XRP have experienced significant price rallies. At press time, XRP traded at $0.7062, showing a 32.87% increase over the past week, and ADA traded at $0.5587, with a 56.31% increase in the same period.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
What’s Next for the Crypto Market?
The Cardano founder’s praise for Garlinghouse’s collaborative approach is particularly noteworthy, given Hoskinson’s reputation for being outspoken and uncompromising. His willingness to acknowledge Garlinghouse’s leadership qualities and the potential for constructive cooperation suggests a major shift in his outlook.
This development could have broader implications for the cryptocurrency industry as a whole, as Hoskinson is interested in collaborating with RLUSD, Ripple’s upcoming stablecoin. Although he did not specify his exact intentions, having someone with the knowledge and experience of Hoskinson is invaluable to the project.
By fostering an environment of cooperation and mutual understanding, the industry may be better positioned to navigate regulatory challenges and market volatility and grow the crypto market.
Furthermore, the improved relations between Cardano and Ripple could potentially lead to the exploration of synergies between the two projects, which could manifest in areas such as interoperability, liquidity sharing, or even joint ventures.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
