{"id":918056,"date":"2026-07-07T11:14:24","date_gmt":"2026-07-07T16:14:24","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/07\/is-xrp-really-nothing-exclusive-what-hayes-and-hoskinson-are-missing-about-ripple\/"},"modified":"2026-07-07T11:14:24","modified_gmt":"2026-07-07T16:14:24","slug":"is-xrp-really-nothing-exclusive-what-hayes-and-hoskinson-are-missing-about-ripple","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/07\/is-xrp-really-nothing-exclusive-what-hayes-and-hoskinson-are-missing-about-ripple\/","title":{"rendered":"Is XRP Really \u2018Nothing\u2019? Exclusive: What Hayes and Hoskinson Are Missing About Ripple"},"content":{"rendered":"
\n
\n
\n
\"Arthur<\/figure>\n<\/div>\n
\n

Arthur Hayes called XRP \u201cabsolutely nothing\u201d last week. Charles Hoskinson took a swipe at Ripple CEO Brad Garlinghouse\u2019s approach to regulation. Edo Farina, an analyst and XRP supporter, addressed both in an exclusive interview with Coinpedia.<\/p>\n

Hayes: Price Loyalty, Not Substance<\/strong><\/p>\n

Hayes framed his argument around early price gains rather than technology. \u201cYou could be like Cardano or Ripple and do absolutely nothing,\u201d he said. \u201cLie to your people that you\u2019re going to do something about it. However, people got this thing really, really cheap. You allowed them to get rich with you.\u201d The suggestion is that communities built on early wealth creation remain loyal regardless of what a project actually delivers.<\/p>\n

Farina acknowledged Hayes\u2019s credentials but questioned the premise. \u201cArthur Hayes is one of the smartest macro traders in crypto, but trading and building financial infrastructure are two completely different things,\u201d he said. \u201cHis portfolio decisions are based on market cycles and liquidity, not necessarily on which technology will underpin the next financial system.\u201d<\/p>\n

\n

\"Add<\/a><\/p>\n<\/div>\n

\u201cIf XRP were nothing, we wouldn\u2019t see regulated stablecoins like RLUSD, tokenization initiatives, institutional custody, and major financial players building around the XRPL ecosystem,\u201d Farina said. \u201cDismissing years of enterprise adoption ignores a lot of evidence.\u201d<\/p>\n

Hoskinson vs Garlinghouse<\/strong><\/p>\n

Hoskinson criticised Garlinghouse for accepting imperfect legislation in the name of progress, specifically around the CLARITY Act, paraphrasing his position as wanting to simply get something done. His broader concern is that XRP creates no organic buy demand for holders, making the token dependent on Ripple\u2019s institutional relationships rather than network activity.<\/p>\n

Farina attributed the friction to competition. \u201cCardano, Ripple, Ethereum, Solana, everyone is competing for institutional adoption,\u201d he said. \u201cBrad has taken a very regulatory-first approach, which is not popular with everyone in crypto. Some people believe crypto should remain completely outside the traditional financial system.\u201d<\/p>\n

\u201cI don\u2019t see regulation as the enemy,\u201d Farina said. \u201cInstitutions won\u2019t move trillions of dollars through anonymous protocols with no legal clarity.\u201d<\/p>\n

The Underlying Divide<\/strong><\/p>\n

The criticism from both men reflects a wider disagreement about what crypto is for. Ripple\u2019s approach is to work within existing financial infrastructure rather than replace it, which appeals to banks and asset managers but frustrates those who entered crypto for different reasons.<\/p>\n

\u201cThat is less exciting for crypto purists but much more attractive for banks, governments and asset managers. Institutional capital generally follows legal certainty,\u201d Farina said.<\/p>\n<\/div>\n

\n
\n

Was this writing helpful?<\/h3>\n