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Cardano Founder Wants Truce With XRP Community

Sat, 06/10/2023 - 09:10
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Godfrey Benjamin
In surprising move, Cardano founder Charles Hoskinson called for truce with XRP community
Cardano Founder Wants Truce With XRP Community
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Cardano founder Charles Hoskinson has made a very rare move in a bid to score a truce with the XRP community, whom he has not been so friendly with over the years. Taking to his official Twitter page, Hoskinson called for "peace" with the XRP community, a move that has sparked a series of debates on Twitter.

The unfriendliness with the XRP community has been more or less self-driven. Over the years, the Cardano founder has not found any unique value associated with the XRP project, and he has been vocal about his stance without fear or favor. As reported earlier by U.Today, Hoskinson once said in a tweet back in December that;

"XRP provides no partnership or technical value. The community is toxic and petty. I can live without it."

The call for peace now was seen by the community as hypocritical based on the new designation of the Cardano native token ADA as security by the United States Securities and Exchange Commission (SEC). With the immunity of other top cryptocurrencies like Solana (SOL), Filecoin (FIL) and Polygon (MATIC) also stripped by the SEC, the next best move is a united front against the perceived industry enemy, the SEC and its chairman, Gary Gensler.

Charles Hoskinson: There's Nothing Left to Say About XRP

Expectations moving forward

With Charles Hoskinson set to make peace with the XRP community, it is expected that he will stop calling XRP out negatively on social media and in his podcasts.

Some XRP community members have also chosen to accept the call for truce, with some noting that failure to unite at this time can pose more serious problems for the broader industry in due time.

The crackdowns on top exchanges, including Binance and Coinbase, by the SEC have shown that no one is immune from the regulator's grip, and humble gestures like the one from Hoskinson can help the industry navigate its current woes.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.