Cardano Founder Criticizes U.S. CLARITY Act Progress

Charles Hoskinson, Cardano founder, questioned the efficacy of U.S. crypto regulations under David Sacks, calling for his resignation if the CLARITY Act fails by Q1 2026.

Hoskinson’s criticism highlights ongoing regulatory challenges in the U.S. crypto sector, impacting investor confidence and potentially hindering market stability and altcoin performances like Cardano (ADA).

Hoskinson Outlines Concerns with U.S. Crypto Policy

In a recent interview, Charles Hoskinson, the founder of Cardano, voiced concerns about the progress of the “CLARITY Act”, stating that its passage in the first quarter of 2026 is unlikely. He emphasized the lack of regulatory clarity and called for the resignation of David Sacks, who was appointed as the head of cryptocurrency affairs in 2024. Hoskinson argued that Sacks has let the industry down.

Concerns were raised regarding the current U.S. cryptocurrency policy. Hoskinson pointed out its bias towards large financial institutions, centralizing the industry around Wall Street firms such as BlackRock and Goldman Sachs, which limits the opportunities for retail investors. He called for regulations that are both enduring and non-restrictive, even if their implementation takes longer.

Hoskinson blamed ‘Trump coin’ for ADA drop, called for David Sacks to be fired, and said Clarity Act won’t happen. – Charles Hoskinson, Founder of Cardano (IOHK)

Cardano’s Market Performance Amid Legislative Uncertainty

Did you know? The CLARITY Act aims to delineate U.S. regulatory oversight, dividing the CFTC and SEC roles. This approach mirrors unresolved debates after the FTX collapse, affecting layers such as altcoin listing compliance.

According to CoinMarketCap, Cardano (ADA) currently trades at $0.39, with a market cap of $13.85 billion. Over the last 24 hours, its trading volume reached $594.60 million, marking a 34.56% change. ADA has seen a price decline of -1.88% in 24 hours and -9.76% over the past 7 days. Its circulating supply stands at 35.96 billion coins, while the total supply is capped at 45 billion.

Members of the Coincu research team indicate that continued delays in regulatory clarity could prolong market instability. They suggest a potential focus on global standardization and sustainable blockchain solutions to ensure future market resilience and investor confidence. Such consistency could counteract short-term adverse trends amid fluctuating policies.