Crypto Market News: The rivalry between Cardano founder Charles Hoskinson and the XRP token holder community could finally be ending as both sides agree to make peace. This could not have come at a better time as the US Securities and Exchange Commission (SEC) continues to attack the crypto market with lawsuits. It may be recalled that the SEC recognized top altcoins Cardano (ADA), Polygon (MATIC) and Solana (SOL) as securities. Hence, Cardano joined XRP in the long list of crypto tokens the SEC has categorized as securities.
Also Read: Top Hong Kong Leader Welcomes Coinbase, Crypto Companies
In the XRP Vs SEC lawsuit, the central argument is about whether XRP is a security or not. The Summary Judgement in the case is awaited from Judge Analisa Torres.
XRP Holders Back To Supporting Cardano Founder
In the context of severe trolling and criticism from the XRP community, Charles Hoskinson had earlier cut ties with the XRP holders. In a fresh development, the Cardano founder offered to finally make peace with the community. In response, the XRP holders reacted positively and suggested that he host a Twitter spaces to make the patch up official. Some members of the community were positive to supporting Hoskinson but remarked that it was Coinbase that did a lot of damage to the cryptocurrency by not relisting the token on the platform.
“Coinbase is directly responsible for value lost and continue gatekeep by not relisting XRP.”
The SEC, however, was not left out of scrutiny by the US regulators, as the SEC filed a lawsuit alleging violation of securities laws.
Also Read: U.S. Senator Pledges To Bring Crypto-Friendly Regulation Amid SEC Lawsuits
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