- David Schwartz and Charles Hoskinson exchanged pleasantries on X.
- Both individuals appreciated each other’s work in the blockchain industry.
- Trump’s recent crypto reserve revelation triggered a friendly conversation.
Ripple CTO David Schwartz and Cardano founder Charles Hoskinson exchanged pleasantries on X for the first time in many years after President Donald Trump’s latest announcement on the US crypto stockpile.
Both suggested that the long-running rift between the XRP community and Hoskinson may have ended.
Hoskinson’s recent appreciation of XRP’s authenticity surprised Schwartz, who replied to the Cardano founder’s post asking if he was dreaming. Hoskinson applauded the XRP technology in the post, describing it as a global standard that has survived many harsh cycles for a decade.
Related: Donald Trump’s Shift from Bitcoin Reserve to a ‘Broader’ Crypto Plan Sparks Debate
Hoskinson Defends XRP’s Place in Trump’s Reserve
Hoskinson argued that XRP’s solid community and other merits backed President Trump’s plan to include it in the US crypto reserve. His comment challenged Peter Schiff, a prominent crypto critic, who questioned the wisdom of an XRP reserve.
Besides Hoskinson’s response to Schiff, renowned crypto lawyer Bill Morgan added that the court’s decision that XRP is not a security provided legal clarity about the cryptocurrency and boosted its status in the crypto world. It is worth noting that Morgan has been one of the frontline XRP supporters since Ripple’s legal challenges with the SEC.
Mutual Respect for Each Other’s Projects
Schwartz and Hoskinson extended their goodwill by complementing each other’s projects. Hoskinson applauded Schwartz’s effort on the XRP project after spending time with the code and protocol for the Glacier Drop. Meanwhile, Schwartz commended Hoskinson’s achievements on new tech, with a focus on privacy. The Ripple CTO highlighted the complexities of that sector of the decentralized technology ecosystem and the challenges regulators pose.
Related: US Crypto Reserve Debate: Bitcoin or Altcoin Inclusion?
On Sunday, President Trump revealed that his Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. Trump’s revelation triggered a surge in the prices of cryptocurrencies, with XRP surging nearly 40% over a short period.
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