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Charles Hoskinson said that he heard rumors that the lawsuit of Ripple and the Securities Exchange Association (SEC) would be completed this week.

In a new "What to Tell Me" (AMA) link on YouTube, Hoskinson mentioned what would happen if regulators announced that Cardano (ADA) had no registered securities.

"From the very beginning to today, and from the Internet to blockchain technology, nothing else in the history of Cardano can make people feel a sense of belonging. I firmly believe that Ether and BTC will also become securities, which will be more of a rout. This is a management problem based on inspection. What you can't do is right. This is the person chosen by the regulatory authorities. This is a fierce war, 100 million dollars have been spent, and And this is cruel, vicious, and some sad feeling. Sometimes everyone wins. Sometimes it's not easy for everyone. "

Ripple was sued by the SEC at the end of 2020, accusing the enterprise of selling XRP as unregistered securities. In recent years, Hoskinson indicated that he heard rumors that the prosecution would also be completed in a few days according to mediation.

"I heard that the Ripple case will be handled on December 15. Please look forward to it. This may have a devastating impact on the field, no matter what method it is. But you should continue to move forward. No matter what happens, this is a fragmented ecosystem, and it is up to you to adjust it. We don't need to say that Cardano's life and death are vital to the decentralized ecosystem."

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