The Unexpected Alliance: Hoskinson Defends XRP, Shocking Crypto World

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In a twist worthy of a Nabokovian novel, Charles Hoskinson, the founder of Cardano, has defended XRP‘s inclusion in the U.S. crypto reserve, despite his historically strained relationship with the XRP community. This unexpected alliance has left the crypto world in a state of bewilderment, with some even reaching for their smelling salts.

Among the most vocal critics of XRP’s inclusion is economist and gold advocate Peter Schiff, who has long dismissed cryptocurrencies. While acknowledging the logic behind Bitcoin‘s inclusion, Schiff questioned why XRP was chosen.

“But what’s the rationale for an XRP reserve? Why the hell would we need that?” Schiff posted on X.

Hoskinson Breaks From Past Stance to Back XRP

In an unexpected twist, Cardano founder Charles Hoskinson defended XRP’s inclusion, despite a historically strained relationship with the XRP community. Hoskinson, who has frequently clashed with XRP supporters, surprised many by calling the token a global standard with robust technology.

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Despite this, in early 2024, Hoskinson reached out with an olive branch, and a shift in tone. Now, with his recent defense of XRP’s addition to the U.S. crypto reserve, the relationship seems to be on the mend.

Ripple‘s Influence on U.S. Crypto Policy

The inclusion of XRP in the strategic reserve follows increasing engagement by Ripple with the Trump administration. Ripple CEO Brad Garlinghouse is reported to be meeting top government officials and demanding regulatory transparency as well as further adoption of blockchain technology.

Meanwhile, Hoskinson himself has been linked with Trump’s cryptocurrency policy team but has downplayed reports of being officially appointed. “Meetings do not suggest endorsement or new magic powers,” he stated, emphasizing that cryptocurrency regulation remains ongoing.

Regulatory Landscape: What Comes Next?

The creation of a national crypto reserve is a stark departure from U.S. policy for cryptocurrencies. The move would signal that the Securities and Exchange Commission (SEC) would ease up on its scrutiny when it comes to XRP and other altcoins. The SEC’s litigation against Ripple, which has taken many years, could be ended by this turn of events.

XRP’s recent price surge aligns with increasing speculation about the resolution of Ripple’s prolonged legal battle with the U.S. Securities and Exchange Commission (SEC). While the SEC has yet to make a final decision on its appeal, market sentiment suggests that a favorable ruling for Ripple could trigger further price gains.

The latest development—a confirmation that XRP will be included in the U.S. Crypto Strategic Reserve—has intensified speculation that a settlement between Ripple and the SEC is now inevitable.

XRP Price Prediction 2025: Legal Clarity and Institutional Adoption on the Horizon?

A pivotal moment for XRP is expected on March 6, 2025, when the Ripple vs. SEC case is scheduled for resolution, a date that could significantly impact the asset’s trajectory.

Legal expert James Murphy weighed in on the situation, stating:

“Ripple may be negotiating with the SEC to vacate certain rulings before finalizing a settlement. If the SEC drops its appeal, it could pave the way for institutional adoption and even the launch of XRP Spot ETFs.”

With regulatory uncertainty potentially fading and XRP’s inclusion in a government-backed reserve, bullish momentum is building. Whether this translates into sustained price growth will depend on the SEC’s next move.

Meanwhile, the XRP price has crashed by almost 10% as the entire crypto market corrects following yesterday’s Trump Pump around the Strategic Crypto Reserve. 

But Schiff and others are not sure. Schiff has gone as far as to refer to Trump’s move as a “crypto bailout” designed to prop up the market in light of recent instability.

A Turning Point for the Cryptocurrency Sector

Hoskinson’s XRP defense is significant for highlighting the shifting landscape of the crypto universe. As industry leaders and regulators exchange blows over the future of digital assets, the creation of the U.S. crypto reserve marks a potential watershed moment for regulatory acceptance.

Though Schiff and others are still skeptical of the reserve’s structure, supporters argue that it is a step in the direction of mainstream adoption of cryptocurrencies in the financial systems.

Bitcoiners themselves, remain the most sceptical. Michael Terpin, CEO of Transform Ventures told Brave New Coin that “President Trump’s executive order to study the inclusion of XRP, Solana and Cardano in a U.S. crypto strategic reserve was ill-received by the Bitcoin community.” 

“While providing tax incentives to American crypto companies is a good idea, a strategic stockpile should only include the highest quality, truly decentralized digital asset: Bitcoin. Adding secondary cryptos controlled by companies and foundations would be akin to adding gold mining and energy stocks to the strategic gold and oil reserves.  Keep it simple and safe; keep the strategic reserve in Bitcoin. It’s also the only digital asset that has reached significant new all-time highs in every cycle.”

Still, with Hoskinson, Ripple, and other key figures now actively shaping crypto policy, the U.S. appears to be on the verge of a more structured and favorable regulatory environment for digital assets.

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2025-03-03 22:08