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Cardano founder criticizes design flaws in the CLARITY bill, claiming it may become politicized
Odaily Planet Daily News: Cardano founder Charles Hoskinson criticized the U.S. “Digital Assets Market CLARITY Act,” saying the bill has design flaws, and its implementation timeline could be as long as 15 years, and it may be “weaponized” due to changes in political parties. He pointed out that the FTX incident has intensified disagreements between the two U.S. parties regarding crypto regulation, affecting legislative progress.
Hoskinson also said the bill may default to classifying new projects as securities, thereby giving existing projects a relative advantage while ignoring regulatory frameworks in Europe’s MiCA and regions such as Singapore and Japan, which could lead to incompatibility with international standards. (CoinDesk)