Cardano Founder: Clarity Act May Be "Weaponized" to Suppress Industry Innovation

Golden Finance reports that on April 1, Cardano founder Charles Hoskinson strongly questioned the U.S. “Digital Asset Market CLARITY Act,” saying that the bill could bring long-term negative effects in terms of implementation, political risk, and industry structure. Hoskinson said that even if the bill is passed, it could still require up to 15 years for the rulemaking and rollout process, causing the industry to remain in long-term stagnation amid uncertainty. He pointed out that the current U.S. political environment—especially after the FTX incident—has made regulation tighter, and that new projects may be automatically treated as securities, thereby suppressing innovation. He further warned that the bill could be “weaponized” by future administrations, becoming a political tool; after different parties come to power, they could use provisions in it to target specific projects or industry participants. In addition, Hoskinson criticized the bill’s design as complex and overly “U.S.-centric,” ignoring global regulatory coordination, and putting too much focus on peripheral issues such as stablecoin yield, rather than truly addressing the industry’s core problems. He believes that this kind of structural design may instead benefit already mature projects (such as Cardano, XRP, and Ethereum), while posing higher barriers for new entrants and further intensifying the industry’s trend toward consolidation.