‘Addicted to Trump’s Circle?’ Charles Hoskinson Backs XRP Community, Slams Ripple CEO on Regulation
Charles Hoskinson, the founder of Cardano, recently shared his thoughts on the XRP community and Ripple CEO Brad Garlinghouse in a candid interview with CoinDesk. Hoskinson described the XRP community as “great people” and emphasized that his disagreement with Garlinghouse is based on policy direction, not personal animosity. He made it clear that he has no issues with the XRP Ledger community.
Hoskinson acknowledged the pressure that the XRP community has been under due to Ripple’s ongoing legal battle with the US Securities and Exchange Commission. He noted that criticism of Ripple’s leadership is often misconstrued as an attack on the entire XRP ecosystem, leading to heightened sensitivity within the community.
One of the key points of contention for Hoskinson is the US crypto Clarity Act, which Garlinghouse supports. Hoskinson expressed his opposition to the Clarity Act, arguing that the bill, in its current form, could classify most crypto assets as securities by default. This could potentially stifle innovation in decentralized finance and benefit larger institutions and banks at the expense of smaller projects.
Hoskinson also raised concerns about the political risks associated with the Clarity Act, particularly in light of potential shifts in US political control. He warned that if Democrats regain control of Congress in 2026, regulators could exert even more influence over the crypto industry, potentially restricting decentralized finance activities.
In a direct criticism of Garlinghouse, Hoskinson questioned why the Ripple CEO continues to support the Clarity Act, suggesting that political influences may be at play. He expressed his bafflement at Garlinghouse’s stance, speculating that his association with certain political circles may be clouding his judgment.
Hoskinson emphasized the importance of clear and well-written legislation in the crypto space, noting that bad laws can be more detrimental than no regulation at all. He stressed the need for industry stakeholders to push back against regulations that could grant regulators excessive power over crypto markets.
In conclusion, Hoskinson’s insights shed light on the complexities of regulatory challenges facing the crypto industry and the importance of advocating for fair and transparent laws. His candid remarks on the XRP community and Ripple’s leadership provide valuable perspectives on the ongoing debates surrounding crypto regulation.
