Cardano Founder Hints About Ripple Partnership This Could Impact Crypto?
The CEOs of two major cryptocurrencies are exploring a cooperation. If it goes through, it might set an example and lead to additional crypto partnerships, exciting the crypto community.
Cardano creator Charles Hoskinson and Ripple CEO Brad Garlinghouse pioneered crypto. Despite calls for bitcoin platform unification, the two CEOs may set the groundwork for future collaboration.
Reports indicated the two big industry players have begun negotiations of a decentralized platform partnership, which some saw as a major industry milestone.
Hoskinson and Garlinghouse revealed that they are discussing cryptocurrency industry unity, hinting to a prospective union between their crypto platforms, which gives the industry hope for the future.
The Cardano inventor stated he is hopeful about the future of their crypto platforms, hinting the two leaders may combine their crypto ecosystems.
In the talk, Garlinghouse underlined the need for “collective action” among cryptocurrency players to press for clearer laws and a “level playing field”.
The Ripple CEO said clear crypto market “rules of the road” will provide digital assets and enterprises equal chance.
He said, “A rising tide lifts all boats.” Crypto industry unity will help the whole area.
Hoskinson and Garlinghouse's plea for unity comes at the appropriate moment as regulatory authorities are pressuring the cryptocurrency industry, which some experts believe is slowing its growth.
For instance, some US corporations undergo regulatory investigation.
Since the state-run SEC began regulating digital currencies in 2018, Garlinghouse accused it of “picking winners and losers” in the field.
He said the SEC's move created a “unlevel playing field” that might inhibit crypto innovation in America.
Thus, the executive has advocated for openness and fair regulations to help the business expand and evolve, stating a collaborative approach is essential.
