• Charles Hoskinson, the founder of Cardano, calls for unity among the crypto community in light of recent SEC’s regulatory actions.
• His gesture was met with mixed reactions from the XRP community due to his prior controversies.
• He hopes to mend bridges between Cardano and XRP communities in order to prevent regulatory bodies from abusing power.
Charles Hoskinson Calls for Unity
Cardano founder Charles Hoskinson has called for unity among the cryptocurrency community amidst the US Securities and Exchange Commission’s (SEC) regulatory actions. Despite having a long-standing feud with the XRP community, he is now ready to reconcile things and mend bridges between them and Cardano.
Mixed Reactions From XRP Community
Hoskinson’s gesture towards reconciliation received mixed reactions from the XRP community, especially since it came after Cardano was classified as an unregistered security by the SEC. Some accepted his plea for peace while others accused him of being hypocritical since he had sworn not to comment on their ongoing lawsuit with SEC following backlash from them earlier.
Regulatory Challenges
The crypto sphere is facing tough times under increased scrutiny from financial regulators across the world. This has caused several major exchanges like Binance and Coinbase to be hit with lawsuits by the SEC. In this situation, Hoskinson has urged all members of fragmented crypto space to unite in order to set rules that prevent abuse of power by regulatory bodies.
Promise for Peace
In an effort to foster a renewed relationship between Cardano and XRP communities, Charles Hoksinon extended an olive branch towards them and promised peace if they could come together amid these trying times. While some members accepted his offer, others were skeptical given his prior controversies with them.
Conclusion
Charles Hoskinson has made a call for peace among different cryptocurrency communities as they face increasing regulation by financial authorities around the world. He hopes that through reconciliation he can bridge differences between Cardano and XRP communities in order to establish guidelines that protect against potential abuse by regulators in future events