Charles Hoskinson, the founder of Cardano, has shared on X that he spoke with Ripple’s CEO, Brad Garlinghouse. He described Garlinghouse as a great and collaborative leader while expressing a sense of excitement about what the future holds.
A Growing Demand For Collaboration In The Crypto Industry
Hoskinson’s statements epitomize the increasing sentiment about the need for cooperation in the cryptocurrency setting. Lots of people have been hypothesizing that Ripple and Cardano might be teaming up in the near future.
Both companies would likely benefit from such an arrangement that has excited users on X, who are advocating unity to make both companies stronger.
Upon seeing Hoskinson’s remarks, Garlinghouse “thanked the Cardano CEO for his nice comments. He highlighted the need for the crypto community to bond together in order to lobby for good regulation.
Specifically, Garlinghouse called for clear crypto rules and noted that “a rising tide lifts all boats.”
This call for unity arises at a time of growing regulatory and market pressures for the crypto sector. Currently, Ripple Labs is engaged in a protracted litigation with the U.S. Securities and Exchange Commission (SEC), a battle that is well recognized as having major implications for the industry’s future.
Hoskinson has also commented on the SEC vs Ripple matter, which BTCRepublic has covered.
The Cardano co-founder has announced plans to collaborate with US policymakers next year to create a detailed regulatory framework for cryptocurrency.
Following Hoskinson’s announcement about his work on US crypto policy, speculation arose about Garlinghouse’s potential participation, but he has not yet confirmed his involvement.
With Hoskinson’s support and Garlinghouse’s push for cooperation, a potential partnership between Ripple and Cardano could strengthen both companies and enhance their efforts for regulatory change.
Hoskinson’s Old Feud With The Ripple Community
The now apparently ended dispute between Hoskinson and the XRP community stemmed from an allegation that the Ethereum co-founder prompted the SEC’s lawsuit against Ripple.
Hoskinson rejected this allegation and criticized Ripple’s team for not warning the XRP community about the dangers of popularizing this conspiracy theory.
In May, Hoskinson questioned the idea of apologizing to the XRP community after their lengthy dispute. Even with all these, he has tempered his position, apologized, and proposed a collaboration with Ripple.
However, blockchain expert Steven Nerayoff is not convinced. He has accused Hoskinson of merely trying to repair his image instead of genuinely supporting Ripple and the XRP community.
Nerayoff argues that Hoskinson’s remarks indicate a fake change in stance that may point to ulterior motives.
Contrastingly, pro-XRP attorney John Deaton has also lauded the possibility of collaboration and expressed hope that it will produce a good result if it ever happens.
In the meantime, although feelings about a possible Cardano-Ripple collaboration heightened, the native tokens of both blockchains have experienced a decline today, November 13th, as has the broader market.
Cardano’s ADA fell significantly, down 17% in a single day, its price hovering at the level of $0.53. However, it has risen 50% over the past week. Only a couple of days ago the asset achieved a substantial increase in value.
Ripple’s XRP has dropped 2% in the last 24 hours, performing better than most other cryptocurrencies. As of the writing of this, XRP is selling at $0.66, up 25% over the last week.
