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Title: Cardano Founder Highlights Ripple’s Progress, Foresees Growth for XRP and ADA
The founder of Cardano, Charles Hoskinson, has recently highlighted the remarkable progress made by Ripple in overcoming legal and regulatory challenges. He emphasized the company’s resilience and leadership under these circumstances.
It is also worth noting that Ripple has been embroiled in a long-standing legal battle with the United States Securities and Exchange Commission (SEC) over the classification of its native cryptocurrency, XRP, as a security or digital asset. The SEC had initially filed a lawsuit against Ripple, stating that it had raised more than $1 billion through an unregistered securities offering.
In his statement, Hoskinson compared Cardano to Bitcoin and Ripple, noting that these projects have the potential to succeed in the long run despite facing numerous challenges throughout their history.
Source: www.crypto-news-flash.com
