Charles Hoskinson, the founder of Cardano, has raised strong doubts about the U.S. Digital Asset Market CLARITY Act, believing that the bill could bring long-term negative impacts in terms of implementation, political risk, and industry structure.
Hoskinson stated that even if the bill passes, it may require up to 15 years for rule-making and implementation, leading to a long-term stagnation of the industry amid uncertainty. He pointed out that the current political environment in the U.S. (especially after the FTX incident) has tightened regulations, and new projects may be defaulted to be considered securities, thereby stifling innovation. He further warned that the bill could be "weaponized" by future administrations, becoming a political tool, with different parties potentially using its provisions to target specific projects or industry participants.
In addition, Hoskinson criticized the bill for its complex design and being overly "U.S.-centric," neglecting global regulatory coordination while focusing too much on marginal issues like stablecoin yields, failing to address the core problems of the industry. He believes that this structural design may actually benefit mature projects (such as Cardano, XRP, Ethereum) but create higher barriers for newcomers, further exacerbating the trend of industry centralization.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.












Key Takeaways: Cardano (ADA) is currently stabilizing at $0.24 with a recent +1.17% gain, though its recovery from…

Key Takeaways: Bitcoin’s selection of SPHINCS+ for post-quantum security faces scrutiny from Charles Hoskinson. SPHINCS+, while secure, increases…




Key Takeaways: Bitcoin’s selection of SPHINCS+ for post-quantum security faces scrutiny from Charles Hoskinson. SPHINCS+, while secure, increases…

Key Takeaways: Cardano (ADA) is currently stabilizing at $0.24 with a recent +1.17% gain, though its recovery from…






Key Takeaways Ethereum recorded a less severe price drop than other cryptocurrencies during a recent market sell-off. Analysts…


Key Takeaways: Bitcoin is facing resistance near $89,000, but a potential rally to $93,500 is on the cards…



As we dive into the dynamic world of cryptocurrencies on this September 16, 2025, the spotlight is shining…

Imagine waking up to a world where digital currencies aren’t just buzzing on your phone screen but are…