Cardano founder Charles Hoskinson accuses Ripple of using the CLARITY Act to stifle competition

CoinNetwork · 2026-03-29T08:39:26+00:00

Cardano founder Charles Hoskinson criticizes Ripple and its CEO, stating that the CLARITY Act is designed to help Ripple gain exemption from securities regulation and could impose burdens on other blockchain projects. He believes the bill would default new projects to securities and warns that it could be abused.

CoinNetwork

2026-03-29 08:39:26

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Cardano founder Charles Hoskinson sharply criticized Ripple and its CEO, Brad Garlinghouse, saying the proposed CLARITY Act is intended to exempt Ripple and XRP from securities regulation, while placing a heavy burden on other blockchain projects and open-source developers. Hoskinson believes the bill would grant new projects securities status by default and could potentially leave developers with unlimited liability. He compared Ripple’s “large-scale pre-mining” with the way he distributes ADA, pointing out that Ripple’s fight with the U.S. Securities and Exchange Commission (SEC) is for its own business interests, not for the benefit of the entire industry. Hoskinson warned that a flawed bill could be misused within a few years, and lamented that careful policy debate is being obscured by the community’s tribalism.

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