TechFlow News: On April 1, according to CoinDesk, Charles Hoskinson, founder of Cardano, strongly criticized the U.S. “Digital Asset Market CLARITY Act,” warning that even if the bill is approved, it could take up to 15 years for full implementation—and would be highly vulnerable to being “weaponized” due to partisan shifts. He noted that the FTX collapse was the pivotal moment that triggered a sharp reversal in the Democratic Party’s stance toward the crypto industry, thereby intensifying political polarization and making bipartisan legislative cooperation increasingly difficult.
Hoskinson also criticized the bill for presumptively classifying new projects as securities, effectively erecting moats around existing tokens such as Cardano, XRP, and Ethereum—while severely hindering emerging projects. Furthermore, he argued that the bill overemphasizes domestic U.S. regulation while neglecting global regulatory frameworks like the EU’s MiCA, Singapore’s, and Japan’s, ultimately risking incompatibility between U.S. and European standards. He bluntly stated: “We once had an almost viable window—but I no longer believe it will pass.”
