Cardano And Ripple To Unite Against SEC
Cardano founder Charles Hoskinson recently made a surprising move aimed at reconciling with the XRP community, with whom he has had a strained relationship in the past. Taking to his official Twitter account, Hoskinson called for peace with the XRP community, sparking a series of debates on the platform.
The recent crackdowns by the SEC on major exchanges like Binance and Coinbase have demonstrated that no entity is exempt from regulatory scrutiny. In this context, gestures of goodwill could indeed help the industry navigate its current challenges more effectively.
Not everyone is as trustful of Hoskinson however, given his past comments and the recent designation of the ADA token as a security by the United States SEC, an agency which also recently targeted other cryptocurrencies like Solana, Filecoin, and Polygon.
The goal would therefore seem to be to establish a united front against the perceived common enemy, namely the SEC and its chairman, Gary Gensler. In any case, a growing number of XRP community members have responded positively to this call for a truce, recognizing that failure to unite at this time could lead to more significant issues for the entire industry in the future.
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