Cardano founder criticizes design flaws in the CLARITY bill, claiming it may become politicized

MeNews · 2026-04-01T01:06:48+00:00

Cardano founder Charles Hoskinson criticizes the U.S. "Digital Asset Market CLARITY Act," arguing that its design flaws could lead to a 15-year implementation cycle and pose a risk of being "weaponized" due to political party changes. He pointed out that the bill automatically classifies new projects as securities, which could affect the consistency of international standards.

MeNews

2026-04-01 01:06:48

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ME News update, April 1 (UTC+8), 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. He also said it could be “weaponized” due to changes in political parties. He noted that the FTX incident has intensified the rift between the two major U.S. parties on crypto regulation, affecting progress on legislation. Hoskinson also said the bill would likely default to classifying new projects as securities, giving existing projects a relative advantage, while ignoring regulatory frameworks in Europe’s MiCA and in regions such as Singapore and Japan—potentially leading to incompatibility with international standards. (Source: ODAILY)

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