XRP lawsuit may settle by mid of Dec 2022, Say Cardano founder

Charles Hoskinson talked about Ripple vs SEC lawsuit and noted that the case is near to end. 

Charles Hoskinson is the founder of the Cardano blockchain and also one of the co-founders of the Ethereum blockchain. At present, Hoskinson is fully active in his Cardano project to make blockchain technology a leading crypto network at the commercial level. 

On 11 December, Hoskinson appeared in a new AMA session on his personal YouTube channel “Charles Hoskinson”. 

Hoskinson said that some unconfirmed reports are claiming that the final judgement of the Ripple vs SEC lawsuit may come on 15 December.

Cardano’s founder suggested crypto investors remain aware of this situation because judgement may not bring a better outcome for the whole crypto sector. 

“I heard rumors that the Ripple case will be settled on December 15, and that could have catastrophic implications for the industry one way or the other,” Cardano founder said.

Further, Hoskinson said that we should not focus on the Ripple vs SEC case judgement as an outcome for the decentralised finance (DeFi) sector & Cardano because that thing is in the hands of people not in the hands of the government.

“Regardless of what happens, it’s a decentralized ecosystem that you guys control. The United States of America doesn’t get to say that Cardano lives or dies; you do, the world; that’s the point of a decentralized ecosystem.”

The statement from Hoskinson is showing that the Ripple vs SEC Lawsuit outcome may cause a very bad impact on the crypto sector but people need to remain confident that the decentralized sector is not going anywhere, including the Cardano blockchain. 

Earlier this few months back, Hoskinson faced huge criticism from the XRP Community over his statement on Ripple vs SEC lawsuit. 

At that time, Hoskinson said that Ripple is under legal hurdles in a lawsuit because of the unclear crypto regulatory frameworks in the United States. Later, Hoskinson responded to the critics and said that Ripple vs SEC Lawsuit was not all about XRP lovers because the outcome will impact many crypto companies & also many other companies will face similar kind of regulatory heat.

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