Growing tensions in the US policy debate over crypto regulation came into focus as the Cardano founder criticized Ripple’s leadership and the Digital Asset MarketGrowing tensions in the US policy debate over crypto regulation came into focus as the Cardano founder criticized Ripple’s leadership and the Digital Asset Market

Cardano founder clash with Ripple CEO exposes deep rift over Digital Asset Market Clarity Act

cardano founder

Growing tensions in the US policy debate over crypto regulation came into focus as the Cardano founder criticized Ripple’s leadership and the Digital Asset Market Clarity Act.

Cardano founder Charles Hoskinson takes aim at Brad Garlinghouse

Input Output Global CEO Charles Hoskinson has sharply criticized Ripple chief executive Brad Garlinghouse over his backing of the Digital Asset Market Clarity Act, also known as the CLARITY Act. However, Hoskinson framed his criticism as disagreement over strategy rather than motives.

Hoskinson acknowledged that Garlinghouse is acting from what he sees as genuine conviction. “He’s being principled. That’s genuine passion and concern. He got into the space as a cypherpunk from the early days. He’s trying to support what this technology was meant to be about and for,” he said, stressing Garlinghouse’s early crypto roots.

Some members of the XRP community have attacked Hoskinson for supposedly “crashing out,” arguing he is undermining regulatory progress. However, others within that same community have backed his skeptical stance, reflecting how divided industry opinion has become on the bill’s merits.

Fears the bill will not survive the current political climate

Despite Garlinghouse’s endorsement, the Cardano founder remains deeply doubtful that the CLARITY Act can pass in the current Washington environment. Moreover, Hoskinson has repeatedly warned that the “window” for securing bipartisan agreement on digital asset rules is closing fast.

He is not confident that the legislation will advance this quarter, underscoring what he sees as both political missteps and deteriorating support. That said, he has not questioned the need for clearer US rules, only the way this particular bill has been handled.

Hoskinson has focused his ire on David Sacks, whom he labels the Trump administration’s “Crypto Czar”. According to Hoskinson, Sacks mishandled the political rollout of the bill and bears responsibility if it ultimately fails to reach the finish line in Congress.

In Hoskinson’s view, the bill enjoyed a realistic path forward until the launch of a Trump-branded meme coin allegedly linked to the White House. However, he argues that this meme token instantly turned crypto regulation into a partisan issue, eroding the bipartisan coalition that negotiators needed.

Hoskinson has gone as far as to say that if the David Sacks crypto czar figure cannot steer the legislation to passage after this controversy, he should resign from his crypto policy role. Moreover, Hoskinson portrays this failure as emblematic of broader political mismanagement around digital assets.

Garlinghouse positions himself as a regulatory optimist

While Hoskinson doubts the bill will pass, Garlinghouse has emerged as one of its most vocal champions among large industry leaders. The Brad Garlinghouse support bill stance places him at odds with more skeptical executives who either oppose the proposal or question its political viability.

Garlinghouse has argued that an imperfect framework is preferable to the current vacuum in US rules. Moreover, he has cast himself as the bill’s “optimist” in contrast to Coinbase CEO Brian Armstrong, who opposed the measure, and Hoskinson, who doubts it can make it through.

For Garlinghouse, the industry imperfect bill debate misses a central point: waiting for a flawless statute means accepting ongoing regulatory uncertainty. He maintains that establishing any statutory framework, even one that may require future amendments, would still mark a meaningful victory for the sector.

A divided industry watches Washington

The exchange between Hoskinson and Garlinghouse underscores how crypto policy has become more polarized as lawmakers weigh the digital asset clarity act. However, both sides agree that the stakes for US market structure, investor protection and innovation are significant.

At the same time, Hoskinson’s criticism that a White House meme coin has complicated negotiations highlights how symbolic political moves can reshape legislative math. That said, whether the CLARITY Act can recover bipartisan support remains uncertain as the quarter progresses.

In summary, Hoskinson’s public challenge, Sacks’s contested role and Garlinghouse’s advocacy all reveal an industry struggling to influence policy while navigating mounting partisan risks in Washington.

Market Opportunity
The AI Prophecy Logo
The AI Prophecy Price(ACT)
$0.02352
$0.02352$0.02352
-1.25%
USD
The AI Prophecy (ACT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33
Ethereum’un Kurucusu Vitalik Buterin, DAO’larla İlgili Dikkat Çekici Eleştirilerde Bulundu! İşte Detaylar

Ethereum’un Kurucusu Vitalik Buterin, DAO’larla İlgili Dikkat Çekici Eleştirilerde Bulundu! İşte Detaylar

Ethereum’un kurucusu Vitalik Buterin, kripto ekosisteminde merkeziyetsiz otonom organizasyonların (DAO) mevcut işleyişine yönelik dikkat çekici eleştirilerde bulundu
Share
Coinstats2026/01/20 05:27