Cardano’s Lace Wallet to Integrate XRP, Earns Praise & Participation from Lawyer John Deaton
Cardano founder Charles Hoskinson delivered a sweeping “State of the Union”-style update on the blockchain’s progress, detailing new partnerships, major technical advancements, and a clear-eyed view on regulation. Speaking from Colorado, Hoskinson laid out a vision for Cardano’s expanding role in the crypto world.
New Alliances and Ecosystem Growth
A major highlight was the confirmation that Cardano’s Lace wallet will integrate support for XRP by the end of the year. The move signals closer ties between two of crypto’s most passionate communities, with pro-XRP lawyer John Deaton calling the prospect of collaboration an “honor.”
It would be an honor and pleasure to be present – working together with @IOHK_Charles and other leaders within the crypto ecosystem. https://t.co/HWPHj9ORoH
— John E Deaton (@JohnEDeaton1) August 23, 2025
Hoskinson emphasized the importance of forging such alliances, referencing recent discussions with leaders such as Sergey Nazarov of Chainlink, Anatoly Yakovenko of Solana, Ilia Polosukhin of Near, and Ripple’s Brad Garlinghouse.
Hoskinson used this momentum to contrast with his perception of the Cardano Foundation’s lack of engagement at key industry forums, an issue that has led to Security Talk and a Surprise $100M Cardano DeFi Proposal from Charles Hoskinson in recent past.
Governance, Regulation, and Global Expansion
Hoskinson directly addressed the critique of the Cardano Foundation, highlighting the role of Intersect, a members-based body, in fulfilling the network’s decentralized governance goals. His blunt assessment comes as he tries to rally the community, sometimes having to push back against what he calls “Straight-Up Fake News” from media reports about suing a DRep.
On the regulatory front, Hoskinson pointed to the Clarity Act, expected to see movement by October, as a key step in providing clearer rules for digital assets. He also flagged the Federal Reserve’s limited statutory authority over decentralized financial products, a gap that may require urgent resolution. Looking ahead, he highlighted Cardano’s upcoming Asia tour, with visits to Vietnam, Korea, Japan, and Singapore to expand adoption across new markets.
Technical Innovation and Future Prospects
Hoskinson saved some of the most significant updates for the technology. He spotlighted Hydra, Cardano’s scaling solution, as a key piece of infrastructure for real-world systems.
He also introduced the Laos protocol, a new pipeline-based consensus mechanism aimed at scaling Cardano without sharding. Along with existing solutions like Mithril and Genesis, Laos is part of a multi-pronged strategy to solve the blockchain scalability trilemma.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Iran claims U.S. military forces have significantly withdrawn from sea, six ships attacked in Hormuz in one day, Houthi forces declare Saudi Aramco oil facilities as "legitimate targets"
The Iranian Navy Deputy Commander stated on Monday that U.S. military vessels, including destroyers and aircraft carriers, have significantly withdrawn. On the same day, the Iranian Foreign Ministry stated that Iran is reviewing the U.S. proposals, but the conditions for reopening the Strait of Hormuz remain unchanged. According to reports, with the rotation of U.S. aircraft carriers, only the USS Washington is currently deployed in the Middle East. As of last Sunday, a total of 24 vessels were attacked in the Strait of Hormuz and surrounding waters within two weeks, marking the most severe wave of incidents since the onset of the Iran conflict—far surpassing the previous two-week peak of 13 ships. Oil exports through the strait have dropped by more than 80% compared to the average daily level in September.
JPMorgan unleashes $1.5T push for US critical minerals
Crypto prices
More
