Cardano founder questions the U.S. CLARITY Act: may take 15 years to implement and could be politicized to curb innovation

Gate News message, March 31, Cardano founder Charles Hoskinson strongly questioned the US Digital Asset Market CLARITY Act, saying the bill could bring long-term negative impacts in terms of implementation, political risk, and industry structure. Hoskinson said that even if the bill passes, it could still require up to 15 years of rulemaking and rollout, causing the industry to remain stalled in uncertainty for the long term. He pointed out that the current US political environment (especially after the FTX incident) has already tightened regulation, and new projects may be automatically treated as securities, which would suppress innovation. He further warned that the bill could be “weaponized” by future administrations, becoming a political tool; after different parties take power, its provisions could be used to target specific projects or industry participants. In addition, Hoskinson criticized the bill’s design as overly complex and “US-centric,” ignoring global regulatory coordination, while putting too much focus on peripheral issues such as stablecoin yield rather than truly addressing the industry’s core problems. He believes this kind of structural design may actually benefit already mature projects (such as Cardano, XRP, and Ethereum), while creating a higher barrier for new entrants, further intensifying the industry’s trend toward consolidation.