Charles Hoskinson not a fan of CLARITY Act, warns of 'weaponization' by future lawmakers

The Cardano founder says post-FTX politics, flawed design and a narrow U.S.-only approach risk stifling new crypto projects while benefiting established players What to know : Cardano founder Charles Hoskinson warned that the proposed U.S. Digital Asset Market CLARITY Act could take more than a decade to implement, be weaponized by shifting political powers and ultimately fail to survive future administrations. He argued that post-FTX politics, especially among Democrats, have turned increasingly hostile to crypto, creating a regulatory environment that treats new projects as securities by default and entrenches advantages for established tokens like Cardano, XRP and Ethereum. Hoskinson criticized the legislation as an overly complex, domestically focused "Frankenstein's monster" that ignores global regulatory frameworks and focuses on marginal issues like stablecoin yield while leaving the industry in prolonged uncertainty.