Cardano founder Charles Hoskinson praised XRP on X (formerly Twitter) for its strong community, clear leadership, and well-defined purpose, contrasting it with other projects facing controversies.
In his post on Wednesday, Hoskinson highlighted XRP’s founders, who are not facing allegations or scandals, such as being on Interpol's watchlist. This veiled reference was likely directed at Hex and PulseChain creator Richard Schuele, who is accused of fraud and misappropriation of $12 million in user funds.
Emphasizing XRP’s genuine community and leadership, Hoskinson stressed the importance of trust and accountability in driving adoption and long-term success in the crypto industry.
Hoskinson’s commentary appeared to take a subtle jab at Schuele, whose name emerged after Interpol issued a red notice against him. The Hex creator is accused of using users’ funds for extravagant purchases, further tarnishing his record following a U.S. SEC lawsuit in 2023.
The Cardano founder’s stance on Hex and PulseChain has been growing increasingly firm. He recently revealed a personal policy of blocking X accounts associated with the projects, citing their “divorce from reality” as a key concern.
Hoskinson's remarks highlighted a stark contrast between XRP's credibility and the controversies surrounding Hex and PulseChain, further solidifying his admiration for Ripple’s ecosystem.
This recent praise for XRP marks a significant shift in Hoskinson's relationship with the XRP community, which has seen tensions in the past. These tensions arose from allegations that Ethereum’s developers influenced the SEC’s lawsuit against Ripple in 2020. However, in November, Hoskinson extended an olive branch by issuing a public apology during a livestream, signaling his commitment to reconciliation.
This gesture has paved the way for collaborative discussions between Cardano and Ripple, hinting at potential synergies between the two blockchain giants. Hoskinson has even explored the possibility of Ripple launching its RLUSD stablecoin on Cardano’s blockchain. Additionally, XRP could play a role in Cardano’s privacy-focused sidechain, Midnight, further enhancing interoperability between the ecosystems.
Ripple’s strengths shine amid crypto turbulenceHoskinson's remarks come as Ripple continues to assert its relevance and resilience in the face of challenges. With a loyal community, seasoned leadership, and clear strategic goals, XRP's foundation appears stronger than ever. In contrast, ongoing controversies surrounding other crypto projects underscore the importance of transparency and purpose in maintaining credibility in this competitive industry.
By lauding XRP's virtues, Hoskinson has not only rekindled his rapport with the XRP community but also emphasized the broader significance of integrity and trust in the evolving world of blockchain technology.
