TL;DR
- Charles Hoskinson, founder of Cardano, criticized Brad Garlinghouse, CEO of Ripple, for supporting crypto legislation in the U.S.
- The dispute focuses on strategy toward lawmakers: Garlinghouse advocates clearer rules, while Hoskinson warns this could concentrate power and affect company autonomy.
- Ripple faced regulatory lawsuits costing hundreds of millions; Garlinghouse pushes for legal clarity to prevent similar cases.
Charles Hoskinson, founder of Cardano, publicly criticized Brad Garlinghouse, CEO of Ripple, for supporting the passage of crypto legislation in the United States. Hoskinson questioned whether backing these incomplete rules could give regulators too much power, as they have historically taken enforcement action against companies in the sector.
The dispute centers on the strategy the crypto industry should adopt toward lawmakers. Garlinghouse and Ripple argue that having clearer rules is preferable to ongoing regulatory uncertainty. Several major companies, including exchanges and stablecoin issuers, support this approach. Hoskinson said this strategy could concentrate power in regulatory bodies and affect the autonomy of crypto companies.
Ripple Seeks to Avoid New Lawsuits
Ripple faced multiple lawsuits from U.S. regulators, which cost the company hundreds of millions of dollars. The experience of this legal battle explains why Garlinghouse advocates for clearer rules to prevent similar problems. The company and other major industry players have lobbied to influence crypto legislation in Washington.
The debate highlights divisions within the industry. Some companies see compromise as necessary to protect digital assets and ensure long-term viability. Others warn that rushed rules could create more risks than solutions. Hoskinson stated that the discussion involves more than a single company or executive and reflects deeper disagreements in the industry about the sector’s future regulation.
Hoskinson Advocates for Industry and User Protection
The exchange of comments between Hoskinson and Garlinghouse has drawn attention on social media. The stance of each leader shows that the next phase of the crypto sector could be shaped as much by regulatory decisions as by internal debates among the market’s major players.
Hoskinson maintains his focus on protecting the industry and its users and questions strategies that, in his view, could increase regulators’ influence. Garlinghouse continues to promote legal clarity as a mechanism to prevent judicial disputes similar to those Ripple faced. The confrontation highlights the contrasting strategies within leading crypto companies at a time when U.S. legislation on digital assets is under development, and the crypto industry faces strategic decisions on how to engage with regulators
