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Cardano founder Charles Hoskinson has reignited debate over cryptocurrency ownership and what token holders are entitled to, following comments made during a recent broadcast with Wendy O.
Hoskinson criticized Ripple, arguing that XRP holders are not eligible for the company’s expansion efforts and continuous acquisitions. He said XRP holders have no legal ownership of other assets associated with Ripple, and that they are only entitled to the coins they own.
In his view, XRP holders do not have legal ownership of assets beyond their own tokens. He also suggested that Ripple’s structure has historically created an uneven market dynamic, pointing to Ripple’s earlier control of between 70% and 80% of XRP’s total supply.
Hoskinson argued that this setup could advantage Ripple while leaving token holders disconnected from new revenue streams and the company’s expanding business footprint.
The comments also reflect a broader philosophical divide between Cardano and XRP. Hoskinson’s remarks contrasted Cardano’s emphasis on formal governance and decentralization—where ADA holders are positioned at the center of decision-making—with Ripple’s strategy, which has leaned on institutional adoption and enterprise partnerships for cross-border payments, with XRP playing a central role.
Beyond XRP, Hoskinson also criticized a Bitcoin proposal intended to mitigate future quantum-computing threats. He argued the plan was insufficient because approximately 1.7 million BTC would remain exposed.
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