Cardano’s Hoskinson Seeks XRP Truce Amid SEC Battles: Can Unity Prevail?

Posted on by Artificial Intelligence
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In a surprising turn of events, Charles Hoskinson, the founder of Cardano, appears to be extending an olive branch to the XRP community after publicly criticizing them over online trolling. This development follows CoinGape’s report on Hoskinson blocking Twitter accounts he claimed were targeting him. Presently, the crypto market is navigating the challenges posed by the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two of the world’s top crypto exchanges, Binance and Coinbase. Hoskinson’s move is seen as an effort to maintain unity in the crypto market amidst these legal actions.

Tensions between Hoskinson and the XRP community escalated in October 2022 when he claimed to be the target of trolling and harassment by XRP community members. In response, Hoskinson blocked several Twitter accounts. Now, the Cardano founder is proposing to restore ‘peace’ with the community, although the specifics of this action plan remain unclear.

The Cardano founder’s outreach to the XRP holder community is considered by some crypto market participants as a way to unite the crypto community amidst the SEC’s recognition of Cardano (ADA) as a security. Some suggest Hoskinson host a Twitter space with XRP community members to put an official end to the public criticism.

As it stands, the two tokens are in a fierce competition for market share among the top 10 cryptocurrencies. Currently, XRP is trading at just over half a dollar, while Cardano ADA is priced at $0.28. XRP and ADA hold the 6th and 7th positions in terms of market value, respectively.

Despite the possibility of a truce between Hoskinson and the XRP community, it is essential for investors to conduct thorough market research before investing in cryptocurrencies. Market conditions are subject to change, and the viewpoints expressed by the author or publication may not guarantee financial success, making due diligence of utmost importance.

In summary, the crypto market, currently grappling with legal challenges from the SEC, is witnessing a potential reconciliation between Cardano’s founder and the XRP community. This development could benefit market unity, but it remains crucial for investors to exercise caution and thorough research in this unpredictable landscape.

Source: Coingape

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