Understanding confusion that is happening with both altcoins on crypto market cardano xrp
The faces behind Cardano and XRP got into a fight recently, even though they are projects with different fundamentals. But why did this happen? After all, both altcoins have dissimilar value propositions.
However, this was not Hoskinson's only claim. He also claimed that the project developed by Ripple lacked partnerships and value, and that he was cutting ties with XRP for these reasons. TheHoskinson had stated, citing reliable sources, that the SEC's case against Ripple would close on Dec. 15, 2022. However, the fight that started in 2020, still has not ended, and this was a reason for XRP supporters to riot and attack the entrepreneur.to the American businessman.
In addition, Hinman was a partner in the law firm Simpson Thacher & Bartlett LLP prior to his work at the SEC. But what does this have to do with anything? This firm is part of the Enterprise Ethereum Alliance , which aims to commercialize the smart contract platform. In this case, even with Hoskinson claiming to be a Ripple supporter in the court case against the SEC, much of the XRP community does not see it that way. However, when it comes to the controversial creator of Cardano, this is nothing new.Hoskinson, besides having developed one of Ethereum's main competitors, is known for his controversial statements.
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