Cardano Founder Blasts Ripple Over 'Predatory' US Crypto Bill Feud
Cardano founder Charles Hoskinson publicly denounced Ripple in a dispute over a proposed US market-structure bill, calling the legislation "predatory" and accusing Ripple of backing rules that could harm broader crypto innovation. Hoskinson warned the bill's default classification would effectively label most newly issued tokens as securities, raising immediate legal and compliance concerns for projects, exchanges, and investors.
If enacted, the measure could chill token launches, increase enforcement exposure, and force many projects into costly registration or shutdowns — a consequence that would ripple through markets for ADA and XRP and beyond. The episode underscores how industry infighting is shaping regulatory outcomes; market participants say clearer, balanced rules are needed to protect investors without stifling innovation.