Charles Hoskinson supports the rumored Ripple-Circle deal and criticizes the influence of the crypto 'mafia' in the industry.
Hoskinson believes Ripple's entrance could challenge the existing status quo and lead to a more open and competitive environment in the U.S. crypto space.
Ripple may be considering acquiring Circle for up to $11 billion, potentially disrupting the stablecoin dominance held by USDC.
Hoskinson's comments add intrigue to the speculation, hinting at deeper tensions within the power structure of the crypto industry.