Charles Hoskinson, founder of Cardano, boldly moved to reconcile with the XRP community, with which he has a strained relationship. Hoskinson’s recent plea for “peace” on Twitter has sparked a lively discussion within the crypto space.
The dispute between Hoskinson and the XRP community is driven in large part by its perception of the lack of value of different projects. Not afraid to voice his opinion, the founder of Cardano has openly expressed his doubts about the technical capabilities and potential of the XRP partnership. In a tweet from last December, he dismissed XRP, stating, “It provides no partnership or technical value. The community is toxic and insular. I can live without it.” However, this sudden call for peace has raised eyebrows among the crypto community, especially in light of recent developments involving Cardano’s ADA token.
Critics have found the recent peace initiatives somewhat hypocritical, given that the United States Securities and Exchange Commission (SEC) recently classified ADAs as securities. Notably, the SEC has also removed other leading cryptocurrencies such as Solana (SOL), Filecoin (FIL), and Polygon (MATIC) from their regulatory immunity. As a result, it is now imperative for the industry to present a united front against a common foe, SEC Chairman Gary Gensler. If Hoskinson is successful in repairing relations with the XRP community, he is expected to refrain from commenting negatively about XRP in his social media posts and podcasts.
Some members of the XRP community see this call for unity as a wise move, given the potential for division in the long term. Recent crackdowns by the SEC on major exchanges such as Binance and Coinbase have shown that no player in the crypto industry is immune to regulatory intervention. In this challenging environment, goodwill gestures, like Hoskinson’s, play a key role as the industry seeks to navigate current regulatory uncertainties and establish a stronger position moving forward.
As Charles Hoskinson seeks to reconcile with the XRP community, his efforts offer hope amid ongoing regulatory challenges.