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JUST IN: Charles Hoskinson, founder of Cardano, launched a scathing critique of the Digital Asset Market CLARITY Act in the United States.
In his view, the proposal could take up to 15 years to translate into effective regulations, opening the door to future political manipulation and consolidating advantages for established cryptocurrencies, while complicating matters for new projects.
Charles Hoskinson stated that the CLARITY Act could take more than a decade to fully implement and might not even survive future administrations.