Let’s see if rumors are right about the XRP lawsuit, Says Cardano founder


Charles Hoskinson seems to wait eagerly to know the outcome of the Ripple vs SEC case. 

Ripple is a Fintech company, which is headquartered in San Francisco. This company provides cross-border payment services for small & big businesses internationally. To facilitate payments, the company uses XRP token & its global trade liquidity. In December 2020, the United States Securities and Exchange Commission (SEC) initiated a lawsuit against Ripple over the nature of the XRP token and claimed that the company uses its XRP token against securities law. 

On 15 December, Charles Hoskinson, co-founder of Cardano blockchain, tweeted that he Might have some egg on his face if the XRP resolution will not come as the majority of the rumors are claiming.

Earlier this, just a few days ago, Hoskinson shared some internal information about the ongoing development works in the Ripple vs SEC Lawsuit. 

Hoskinson disclosed that some internal unconfirmed reports were claiming that Ripple vs SEC judgment may come on 15 Dec 2022 but today is 16 Dec which means all those rumors on the XRP lawsuit were fake. 

XRP lawsuit judgment & Impact on Crypto Sector 

In the last AMA video session on his personal YouTube channel, Hoskinson said that Ripple vs SEC judgment may come soon but here we should be ready because it may result in a very big turn for the crypto sector.

Indirectly, Hoskinson noted that if the judgment will go in favor of the SEC instead of Ripple then it will impact the whole crypto sector but he confirmed that Decentralised & strong projects will not face very big problems because the decentralized crypto sector is in hands of people not in governments.

Read also: Bitcoin bull Saylor believes Ethereum may face Terra collapse-like situation