Cardano creator Charles Hoskinson took to X to reveal that he had been in talks with Ripple CEO Brad Garlinghouse.
Hoskinson lauded Garlinghouse as “extremely collaborative.” “He’s a great CEO and extremely collaborative, and I’m excited to see how the future unfolds,” Hoskinson opined in his post.
The Cardano founder voiced excitement about the future, hinting at a potential collaboration between the two crypto ecosystems.
Garlinghouse thanked Hoskinson for the “kind words,” emphasizing that a unified crypto community is essential to push for a level playing field and a clear regulatory framework. “A rising tide lifts all boats,” Garlinghouse added.
As you are well aware, while the SEC initiated a lawsuit against Ripple in late 2020 for breaking the law by selling the XRP cryptocurrency to investors as an unregistered security, the Wall Street watchdog has subsequently called Cardano’s native token ADA, among other tokens, as a security in its lawsuits against Binance, Coinbase, and Kraken.
Hoskinson Buries The Hatchet With XRP Community
The talks between Garlinghouse and Hoskinson came after the latter extended an olive branch to the XRP community following a multi-year-long conflict.
There have long been speculations about members of the Ethereum community allegedly bribing the SEC to take out XRP. Although Hoskinson is not a fan of the regulator, he has contended that the corruption accusations were baseless. In May, the founder and CEO of IOHK accused the community of misrepresenting his comments and publicly harassing him.
Hoskinson, however, recently apologized to XRP fans and offered to collaborate with Ripple on two key projects involving Cardano’s Midnight and Ripple’s upcoming stablecoin RLUSD.
The recent talks with Garlinghouse come after both XRP and ADA have enjoyed double-digit rallies following the reelection of pro-crypto U.S. presidential candidate Donald Trump on Nov. 6. Over the last seven days, XRP and ADA have added 38.7% and 50.4%, respectively. Trump’s decisive win sparked hopes of spot XRP and ADA exchange-traded funds (ETFs) potentially hitting the U.S. market under a less hostile SEC.
ADA’s price was further boosted by the announcement that Input-Output would set up an office in the U.S. to support crypto policy under the new Trump administration.
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