Cardano

United

Giant

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 Charles Hoskinson applauds the XRP victory, recognizing its implications on the broader crypto industry; Ripple CEO asserts the XRP case is settled. 
 Charles Hoskinson, the CEO of Input Output Global (IOG) and founder of Cardano took to Twitter to applaud the recent <a href="https://thecryptobasic.com/2023/07/13/xrp-wins-against-sec-rallies-30-becomes-only-crypto-with-regulatory-clarity-in-us/" rel="noopener noreferrer nofollow">victory achieved by XRP </a> against the United States regulator. He hailed it as a small step for the XRP Nation but a giant leap for all cryptocurrencies. 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://t.co/WmuIg8Ccc6" rel="noopener noreferrer nofollow">pic.twitter.com/WmuIg8Ccc6</a> 
 <a href="https://twitter.com/IOHK_Charles/status/1679519335667179520?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2023</a> 
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 <h2 id="span-style-font-weight-400-xrp-guiding-precedent-span">XRP Guiding Precedent </h2> 
 Hoskinson’s tweet also highlighted a key section of the court ruling that emphasized the distinction between XRP as a digital token and a contract, transaction, or scheme falling under the Howey requirements of an investment contract. 
 In the snapshot the Cardano founder shared, the court stressed the need to assess the totality of circumstances surrounding the different transactions and schemes involving the sale and distribution of XRP, referencing the Marine Bank versus Weaver case as a guiding precedent. 
 <h2 id="span-style-font-weight-400-ripple-ceo-reaction-span">Ripple CEO Reaction </h2> 
 As The Crypto Basic <a href="https://thecryptobasic.com/2023/07/13/ripple-ceo-says-xrp-is-a-digital-token-not-security-is-most-important-part-of-final-decision/" rel="noopener noreferrer nofollow">reported </a>... 
 <a href="https://thecryptobasic.com/2023/07/14/cardano-founder-reacts-to-xrp-victory-one-small-step-for-xrp-nation-one-giant-leap-for-crypto/" rel="noopener noreferrer nofollow">Read more</a>
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Cardano Founder Reacts to XRP Victory: ‘One Small Step for XRP Nation, One Giant Leap for Crypto’

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