San Francisco’s headquartered blockchain firm Ripple announced the launch of the non-profit organization Nation Cryptocurrency Association (NCA).
Summary
- Ripple backed the launch of the National Cryptocurrency Association (NCA).
- Cardano founder Charles Hoskinson also showed his support for the launch of NCA.
- The Cardano crypto project faced a new fud regarding its country of origin because of Hoskinson’s citizenship.
Ripple is a San Francisco headquartered blockchain firm known for its $XRP cryptocurrency-powered cross-border payment services. Since Dec 2020, Ripple has been in a legal dispute with the United States Securities and Exchange Commission (SEC). As per SEC’s charges, Ripple firm violated the Securities Act by using XRP coin in the payment services & direct sales and also alleged that the company’s acts manipulated the trade price of $XRP coin.
On 5 March 2025, The announcement regarding the National Cryptocurrency Association (NCA) came into the public domain officially.
The main vision of the association is to help US-based crypto investors get knowledge about crypto & blockchain technology.
Ripple CEO Brad Garlinghouse said that nearly 55 million people in the US jurisdiction deal in cryptocurrencies, but still, many of them are curious to know about the potential ability of this innovative technology. NCA will raise awareness about Crypto & blockchain technology by educating about all the utilities related to crypto technologies.
Cardano founder Charles Hoskinson reposted Garlinghouse’s tweet about NCA. That means Hoskinson is happy to support Ripple’s backing for the launch of NCA.
Attack Against Cardano & Ripple
Between 2024 and the date, the relationship between the Ripple & Cardano projects has been highly friendly. From time to time, Hoskinson praised Ripple executives & praised $XRP Cryptocurrency, a great crypto technology in the crypto space. Garlinghouse supported Hoskinson for his better leadership in the crypto sector through his serious blockchain technology use cases focusing on development activities.
Notably, both the crypto projects were attacked by rival projects from time to time. As we know, people usually call Ripple-backed $XRP Cryptocurrency a centralised digital currency, and also people claim Ripple controls the XRP ledger (XRPL), a Proof-of-stake (PoS) blockchain network at which $XRP coin runs.
On the other hand, the Cardano ($ADA) project faces criticism from major crypto media. Critics call it a ghostchain, a network in which funds may lost forever. Many times, Hoskinson addresses such critics and says that all the criticism for Cardano came from the majority of media outlets backed by the top Venture Capitalists who missed the opportunity to invest in Cardano before the launch.
Indeed, Hoskinson never took any investment from a VC firm to maintain the $ADA coin distribution fully transparent, just like Bitcoin. For such reasons, VC firms, which fund media channels, try to criticize the Cardano blockchain as a useless crypto network.
Today, a new FUD around Cardano claimed that the Cardano ($ADA) project couldn’t be considered a US-based crypto project because its founder, Hoskinson, lives in Canada.
Hoskinson responded to this FUD & clarified that such things will appear, as Cardano is now going to be considered in the US Crypto Strategic Reserve (CSR).
Read also: Cardano Founder Charles Hoskinson Not Invited to White House Crypto Summit!
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