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

MeNews · 2026-04-05T11:18:55+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

2026-04-05 11:18:55

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ME News update. On April 1 (UTC+8), Cardano founder Charles Hoskinson criticized the U.S. “Digital Asset Market CLARITY Act,” saying it has design flaws; the rollout period could be as long as 15 years, and it may be “instrumentalized” due to changes in political parties. He noted that the FTX incident has intensified the divide between the two U.S. parties on crypto regulation, affecting legislative progress. Hoskinson also said that the bill may automatically classify new projects as securities, giving relatively more advantages to existing projects, while disregarding regulatory frameworks in Europe’s MiCA and regions such as Singapore and Japan, which could lead to international standards being incompatible. (Source: ODAILY)

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