Home Cryptocurrency Cardano’s Hoskinson Shouts Out Ripple and XRP Army: Here’s Why

Cardano’s Hoskinson Shouts Out Ripple and XRP Army: Here’s Why

TL;DR

  • The main person behind Cardano’s ecosystem took it to X to praise the “Ripple folks” and representatives from A16Z for their participation in a recent meeting regarding the bipartisan GENIUS Act legislation.
  • Hoskinson said last year that he would spend a big portion of 2025 in Washington, working alongside the Trump administration to develop a comprehensive and fair regulatory environment for crypto.

Although the details he shared about the meeting are scarce, executives from several of the largest US-based crypto companies have been involved in working on the GENIUS Act, which passed the Senate in July and was signed into law by US President Trump.

Experts believe the legislation can reshape cryptocurrency markets, while also enhancing adoption and transparency for stablecoins.

Hoskinson’s praise for Ripple in particular is something that seemed impossible just a year ago. Recall that the two sides had engaged in an online spat for a few years, especially since Hoskinson referred to the XRP Army as “toxic and petty.”

However, both sides cleared the air in late 2024, and reports actually emerged that they could be working on a collaboration.

The speculations only intensified in the following months, especially since the launch of Ripple’s stablecoin (RLUSD). At the time, it was believed that RLUSD would eventually go live on Cardano’s blockchain, but that’s yet to materialize.

The post Cardano’s Hoskinson Shouts Out Ripple and XRP Army: Here’s Why appeared first on CryptoPotato.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Wormhole’s W token enters ‘value accrual’ phase with strategic reserve

Wormhole has moved beyond its distribution phase, initiating a new strategy. By...

Bitcoin Touches $117,000 As Binance Records 9 Days Of Outflows

Bitcoin has observed a recovery surge toward $117,000 as on-chain data shows...

Fed rate cuts are here: How experts believe Bitcoin and altcoins will react

With the Fed delivering a widely anticipated decision, experts are shifting attention...

MYX Finance price surges again as funding rate points to a crash

MYX Finance price went parabolic again as the recent short-squeeze resumed. However,...