Cardano Founder and Ripple CEO Clash Over Crypto Regulatory Bill Support

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Source: CryptoNewsNet Original Title: Cardano Founder Attacks Ripple CEO. Key Reason Why Original Link: https://cryptonews.net/news/legal/32298006/ Cardano founder Charles Hoskinson recently expressed criticism toward Ripple CEO Brad Garlinghouse over his support for the Digital Asset Market Clarity Act (referred to as the CLARITY Act).

“He’s being principled. That’s genuine passion and concern. He got into the space as a cypherpunk from the early days. He’s trying to support what this technology was meant to be about and for,” Hoskinson said.

Some XRP community members have criticized Hoskinson for his stance, though others have sided with him.

Hoskinson has expressed deep skepticism regarding the passage of the bill. His recent comments have focused on criticizing the political handling of the bill, specifically blaming the appointed “Crypto Czar” David Sacks and the launch of a government-affiliated meme coin for destroying the bipartisan support the bill originally had.

Hoskinson has publicly stated that he does not believe the bill will survive the current political environment, warning that the “window” for passing it is closing. He is not certain that the bill will pass during this quarter.

Hoskinson has directed his frustration at David Sacks, the administration’s crypto lead. According to Hoskinson, if Sacks fails to pass this bill, this should result in his resignation.

Hoskinson argued that the bill had a strong chance of passing until the launch of a government-affiliated meme coin turned crypto regulation into a partisan issue.

A crypto optimist

Garlinghouse has endorsed the bill, which sets him apart from some of the other bigwigs within the industry. He argues that an imperfect bill is better than the current lack of regulation, effectively positioning himself as the bill’s “optimist” in contrast to certain compliance platforms’ leaders (who opposed it) and Hoskinson (who doubts it will pass).

Garlinghouse claims that the industry cannot afford to wait for a “perfect” bill. He believes that establishing any statutory framework is a victory.

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MetaMaskedvip
· 5h ago
Hoskison is right, Ripple's approach really can't make any tricks --- Galinhouse's logic... as long as there's regulation? Wake up, buddy --- Regarding the regulation bill, Ripple is rushing too much and risks being targeted --- Charles's recent criticism still has some substance, at least he's willing to tell the truth --- Any regulation is better than none? That sounds very Ripple haha --- Two big shots are fighting, and we retail investors are just here to watch the show --- If the bill doesn't pass, it just won't pass. Don't deceive yourself --- Why is Galinhouse still so naive? Is this the era where this logic can pass? --- Forget it, let's wait and see the follow-up. The plot twists quickly --- Why is Ripple in such a hurry? The more anxious, the easier it is to cause problems
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ChainSpyvip
· 5h ago
Hoskenson is right this time. Some project teams support certain bills recklessly for their own利益, ultimately harming the entire ecosystem.
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BlockchainBardvip
· 5h ago
Hoskisson is at it again, this guy is constantly dissing others' regulatory plans. I can still understand Garlinghouse's attitude; it's definitely better than doing nothing at all.
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PanicSellervip
· 5h ago
Hoskinson is still too naive, really thinking he can withstand the wave of regulation? --- I've heard Galen Hoskins' argument countless times: regulation is better than no regulation... Really? --- Two big shots are at odds, but ultimately it's all about their own project interests. --- This is hilarious. The more fiercely Cardano and Ripple fight, the more it shows that this isn't so simple. --- Regulation, on the one hand, is said to protect investors; on the other hand, it's just the legalization of cutting leeks. --- Is any regulation better than none? Are you serious, bro? You'll regret it when you're pressed to the ground and rubbed. --- It's the same old story; in the end, the big shots are just taking what they need. --- Hoskinson is right to criticize, but Galen Hoskins' logic isn't wrong either. Doesn't that feel uncomfortable? --- The disputes between these two are essentially a battle of interests. Don't be brainwashed.
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