Cardano News: Hoskinson Calls CLARITY Act “Horrific,” Snubs Ripple CEO’s Views

Key Insights:

• The latest Cardano news reveals Charles Hoskinson’s take on the CLARITY Act.
• The Cardano founder is worried that the bill classifies all digital assets as securities.
• Hoskinson also criticizes Ripple CEO Brad Garlinghouse’s support for the crypto bill.

In the latest Cardano news, Charles Hoskinson warned that the proposed CLARITY Act could be dangerous for the future of the US crypto industry. The Cardano founder described the crypto bill as a “horrific, trash bill.”

Hoskinson also challenged Ripple CEO Brad Garlinghouse’s views on the market structure bill. While Garlinghouse supports the bill, Hoskinson claims that the bill could stop new American crypto projects.

Cardano News: CLARITY Act Faces Backlash from Charles Hoskinson

In a YouTube podcast on March 3, 2026, Cardano founder Charles Hoskinson shared his fresh criticism of the US CLARITY Act, making news headlines. According to him, the bill, in its current form, puts new crypto projects at risk, making it easy for the SEC to crack down.

Thus, he downplayed the bill, calling it “horrific.” He added, “This is not a good bill. Through rulemaking, it can become horrific and weaponized and it doesn’t cover the core of what’s going on in the industry right now.”

The Cardano founder added that a Democratic win in the upcoming election could bring stricter rules for the crypto industry, despite the prevailing favourable conditions. In such a scenario, the market structure bill could be detrimental for the industry, stated Hoskinson.

He stated that the campaign might link crypto to corruption, using the current CLARITY Act to crack down on the industry. He added,

“Instead of having scary Gary rolling the dice with no law and ambiguity in a court that’s favorable to us, they will now have HR 3633 with no developer protections,” Hoskinson said. “How do you broaden the ownership of the token as a security? There’s no token ‘go up’.”

How Will the Bill Affect New Crypto Projects?

Notably, the main concern of Charles Hoskinson regarding the CLARITY Act is that it treats all digital assets as securities by default. Under this rule, every new project would automatically fall under the control of the SEC. He noted,

“Everything starts as a security. Then you have to go to the SEC and tell them, I don’t think I’m a security anymore… The SEC has to agree with you. And, they can make an argument and say no.”

As per the Cardano news, Hoskinson added that considering a project as a “digital commodity” under the CFTC would impact it negatively. He elaborated on the ways in which the regulators can reinvent enforcement regulation.

According to him, they can use unclear tests, like how decentralized they are or how value is assigned.

It is worth noting that this development comes on the heels of another major Cardano news. As recently reported, Charles Hoskinson has decided to integrate LayerZero into the network.

Cardano Founder Takes Aim at Ripple CEO on Crypto Bill

Since Ripple CEO Brad Garlinghouse expressed his support for the CLARITY Act, the Cardano founder has been criticizing him.

While Garlinghouse stated, “a bad bill is better than no bill,” Hoskinson noted, “It’s not perfect, but we just need to get something done.”

Charles Hoskinson criticized the Ripple CEO’s stance, highlighting the potential consequences of the bill. He is highlighting the need for amendments before the final passage.

“Then why is there a rush to pass it? Why do we have to pass it now, if you believe at any time, we can change the bill?” added Charles Hoskinson.