An interesting point in the regulatory discussion around crypto. Charles Hoskinson, the founder of Cardano, raised a quite important question about the American CLARITY Act. And it's not even about the law itself as such.

The essence is that Charles Hoskinson points out the real gap between passing the law and its actual implementation. In his opinion, even if the CLARITY Act passes all approvals, it will take years to develop the necessary regulatory mechanisms. This is not just bureaucracy; it's a serious time gap.

But there's an even more pressing issue. Hoskinson is concerned that such a law could be used as a tool by future lawmakers. That is, the text of the law could be interpreted completely differently depending on the political climate. This is a classic problem of regulatory acts—they can be weaponized.

Charles Hoskinson essentially highlights a fundamental problem: even a good law can become a dangerous tool if it is constantly reinterpreted. Regulatory uncertainty remains; it just takes on a different form. This is relevant not only for Cardano but for the entire industry.