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Charles Hoskinson and Brad Garlinghouse Bury the Hatchet To Usher in New Era for Crypto

Charles Hoskinson and Brad Garlinghouse Bury the Hatchet To Usher in New Era for Crypto

CCNCCN2024/11/12 16:00
By:CCN
Paul vs Tyson Best Crypto Betting Odds, Time and How to Watch Key Takeaways
  • Charles Hoskinson denies that Ethereum insiders bribed the SEC to get ETH past regulators.
  • The SEC vs. XRP lawsuit remains ongoing and will continue into 2025.
  • XRP and ADA are currently trading at six-month highs.

A longstanding beef between two of crypto’s heavyweights may finally be coming to a close after Cardano (ADA) founder Charles Hoskinson and Ripple (XRP) CEO Brad Garlinghouse make vague hints at what many perceive to be a possible future partnership between the two.

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Hoskinson vs. XRP Army

Over the past few years, Hoskinson has frequently argued with the XRP community, which mostly began over the ETHGate theory.

It alleges that before 2020, Ethereum (ETH) insiders bribed the U.S. Securities and Exchange Commission (SEC) and its former chairman, William Hinman, to give it an easier passage past the regulator and have it acknowledged as a non-security.

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Hinman retired shortly after, and the hawkish Gary Gensler was subsequently appointed to the role. Following this, coins such as XRP got hit with lawsuits for selling unregistered securities by the SEC.

Outspoken on the matter, Hoskinson (also a co-founder of Ethereum) has battled the XRP community, which he has labeled as “toxic.” He argued that the XRP community manipulated the story to “become a lie that is beyond recognition.”

While Hoskinson promised never to comment on the XRP lawsuit, he broke his silence and noted that he didn’t believe it was a security. He also argued that ETH was treated differently due to its “size, scale, and scope,” not some backdoor bribe.

Hoskinson has gone as far as to hint that Cardano and Ripple couldn’t collaborate based on the technical differences and aims of the networks, as well as the “constant” attacks from the XRP. Though following posts from Hoskinson and Garlinghouse, things could be about to change.

A Team Up?

In a sudden and ambiguous turn of events, Hoskinson posted to X stating that he had spoken with Garlinghouse and noted that the XRP CEO was “extremely collaborative” and “excited” about the future. Carrying that same sentiment, Garlinghouse responded:

Thanks for the kind words @IOHK_Charles — now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.

A rising tide lifts all boats. https://t.co/vOzXaS6mVP

— Brad Garlinghouse (@bgarlinghouse) November 12, 2024

Is a partnership in the making? Who knows. Though Hoskinson then followed up:

You know what's unstoppable? When the entire crypto space comes together and unifies to take the industry to the next level. We won't stop for a rest until there are a billion blockchain users.

— Charles Hoskinson (@IOHK_Charles) November 13, 2024

The chances that it will be blockchain-centric is unlikely as the network’s SEC lawsuit against Ripple remains ongoing, as does the crypto industry’s battle for regulatory clarity.

Furthermore, Cardano has recently completed a major hard fork and has entered into the final phase of its development roadmap, the Voltaire era, which will see the network become completely decentralized.

The likelihood is that the duo could become a powerful united front in the battle for regulatory clarity in the U.S.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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