U.Today - Cardano founder has praised Ripple CEO Brad Garlinghouse in the wake of the win in the Ripple-SEC lawsuit.
Hoskinson shared a GIF image that reads "well done," tagging the Ripple CEO on Twitter. In a separate tweet, Hoskinson praised the XRP community, saying, "Well done, XRP."
He added that one small step for the XRP Nation is one giant leap for cryptocurrency. As seen on , a host of cryptocurrencies, including Cardano (ADA) and Solana (SOL), which the SEC had hitherto labeled securities, were seeing significant price increases in the last 24 hours.
In his , the Cardano founder highlighted a part of the ruling in which Judge Torres stated that while XRP is a digital token, it does not constitute a "contract transaction or scheme" that satisfies the requirements of the Howey Test to be referred to as an investment contract.
The also praised Ripple CTO David Schwartz by posting a GIF image of a man donning a hat.
The goodwill from the Cardano founder resonates with the seeming peace that now exists between the two communities.
As reported, Cardano founder Charles Hoskinson took a rare step to secure peace with the XRP community. Calling an end to previous hostilities, Hoskinson requested "peace" with the XRP community in a tweet.
Ripple lawsuit win
On July 13, Judge Torres, in the, issued her Ruling on the Motions for Summary Judgment.Ripple General Counsel Stuart Alderoty gave a simple breakdown of the ruling: "A huge win today—as a matter of law, . Also a matter of law - sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions—to developers, to charities, to employees—are not securities."