Cardano Founder Charles Hoskinson Opens Up About His Ties to Ripple Labs Execs – And It's Not What You Expect

In a twist that's catching the crypto world off guard, Cardano founder Charles Hoskinson has opened up about his ties with Ripple execs – and it's not what most expected.

In a surprising twist, Charles Hoskinson, founder of Cardano, has opened up about his ties with Ripple executives and it’s not what most of the crypto world expected.

Once marked by friction and community clashes, the relationship between Cardano and XRP circles seems to be evolving.

After a series of disagreements, which saw Cardano’s founder publicly criticize the SEC’s alleged bias towards Ethereum and, in turn, XRP, Hoskinson later apologized for his remarks.

This new chapter began after members of the XRP community accused the SEC of favoring another blockchain overoperability in its regulatory approach.

However, in a surprising turn of events, Cardano founder Charles Hoskinson has come forward to apologize for his previous statement, where he claimed that the SEC showed partiality towards Ethereum in its regulatory approach.

As a result of this statement, members of the XRP community took to social media to express their irritation with Hoskinson’s statement.

In response to the backlash, Hoskinson took to Telegram to clear up any misunderstandings.

“I want to apologize to the Ripple community for my statement. I was trying to be funny and make a joke, but I can see how it came across as critical of the SEC’s role in blockchain technology.”

He added that he has nothing but respect for the SEC and the important work that they do in protecting investors from fraud.

“I'm a strong believer in crypto and I want to see it succeed. I hope that we can all move forward from this and continue to enjoy using Cardano and XRP.”

This apology marks a shift in tone from Hoskinson, who previously took aim at the SEC for what he saw as a lack of interest in Cardano.

Earlier this year, the SEC sued both major cryptocurrency exchange Binance and smaller exchange Coinbase for allegedly operating as unregistered securities exchanges.

In the case of Binance, the suit also focused on the exchange’s own token, BNB, which the agency claimed was sold illegally to U.S. investors as part of an unregistered fundraising effort.

Although the SEC’s cases against both exchanges are still ongoing, they have already had a significant impact on the cryptocurrency market.

After the suits were filed, the price of most crypto tokens dropped sharply, while volatility in major cryptocurrencies like Bitcoin and Ethereum also increased.

However, despite the setbacks, both exchanges have maintained their innocence and vowed to fight the SEC’s allegations in court.

This new chapter in the Cardano and XRP saga is unfolding as both organizations are exploring future collaboration.

One of Hoskinson’s possible endgames could be the deployment of RLUSD – Ripple’s stablecoin – on the Cardano blockchain.