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Charles Hoskinson, the founder of Cardano, recently hinted at a potential alliance with Ripple CEO Brad Garlinghouse. This indicates increased collaboration between the two crypto firms. Hence, the crypto community is extremely excited for the ADA and XRP collaboration in works.
Hint at Cardano & Ripple’s Future Collaboration
In a post on X, Hoskinson shared, “I just spoke with Brad Garlinghouse. He’s a great CEO and extremely collaborative, and I’m excited to see how the future unfolds.” This message has ignited discussions on a possible Cardano-Ripple partnership in the crypto community.
I just spoke with @bgarlinghouse. He’s a great CEO and extremely collaborative, and I’m excited to see how the future unfolds.
— Charles Hoskinson (@IOHK_Charles) November 12, 2024
Garlinghouse responded warmly, calling for the crypto sector to unite amid regulatory challenges. “Thanks for the kind words Charles Hoskinson,” Garlinghouse replied, “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.” This exchange highlights growing cooperation as Ripple faces continued legal battles with the U.S. Securities and Exchange Commission (SEC).
Ripple’s Legal Battle to End Soon?
Speculation around potential shifts at the SEC has added fuel to this narrative. Recently reelected, pro-crypto President Donald Trump has been vocal about his intention to dismiss SEC Chair Gary Gensler upon assuming office, which could impact the agency’s aggressive stance on crypto. This approach has intensified scrutiny on Ripple, which is currently embroiled in a legal dispute over XRP’s status as a security.
Gensler’s potential departure may influence the outcome of Ripple’s case. The agency recently filed an appeal, challenging Judge Analisa Torres’ previous ruling that XRP is not a security. In response, Ripple filed a cross-appeal on October 10, adding further complexity to the legal process.
Historically, SEC chairs have resigned shortly after a presidential transition, as seen when Mary Jo White resigned following Trump’s election in 2016 and when Jay Clayton stepped down following President Biden’s win in 2020. If Gensler steps down before January 2025, it could alter the trajectory of Ripple’s four-year legal battle and potentially ease regulatory pressures on the crypto sector.
Crypto analysts suggest that new SEC leadership might signal a shift toward more favorable crypto policies, benefiting Ripple and other industry players. For now, Hoskinson and Garlinghouse’s public exchange underscores a shared vision for collaboration, with both CEOs advocating for clearer regulatory crypto frameworks.