Frustration with US crypto policy is no longer simmering quietly on the sidelines. It is now spilling into open confrontation.
Charles Hoskinson, one of the industry’s most prominent builders, is openly questioning whether Washington is capable of delivering durable crypto legislation at all — and whether the White House’s current crypto leadership should remain in place.
Key Takeaways
- Charles Hoskinson doubts the US can pass meaningful crypto legislation before political momentum fades.
- He openly criticized the White House’s crypto leadership for failing to deliver regulatory clarity.
- Hoskinson warned that rushed or Wall Street-friendly laws could undermine crypto’s global, neutral nature.
Rather than focusing on technical details of a single bill, Hoskinson framed the moment as a test of political will. In his view, the United States is running out of time to set the rules of the game before political gridlock makes meaningful reform impossible.
A Narrow Window for US Crypto Law
Hoskinson’s warning centers on the Digital Asset Market Clarity Act, a proposal designed to untangle who regulates what in crypto markets. While the bill has advanced further than most previous efforts, Hoskinson doubts it will clear the remaining hurdles in the near term.
His concern is rooted in politics, not process. A potential shift in control of the US House after the midterm elections could stall crypto legislation indefinitely, leaving the industry stuck in regulatory limbo for years. From Hoskinson’s perspective, that risk alone should have prompted more decisive action from policymakers already.
Direct Fire at the White House Crypto Role
In a sharp escalation, Hoskinson singled out David Sacks, who serves as President Donald Trump’s crypto adviser. Hoskinson argued that the role has failed to deliver tangible results since its creation.
Instead of regulatory clarity or a healthier market structure, Hoskinson sees falling asset prices, stalled innovation, and continued uncertainty for builders. In his assessment, leadership should be judged by outcomes — and those outcomes, he says, are lacking.
What the CLARITY Act Is Supposed to Fix
The CLARITY Act aims to resolve one of crypto’s longest-running problems in the US: overlapping and conflicting oversight. By spelling out the respective roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission, the bill would give projects clearer guidance on compliance and token classification.
While the legislation has cleared key House committees with bipartisan backing, its fate now rests with the Senate. Votes scheduled in Senate committees could mark a turning point — or another false start.
Bigger Than One Bill
Hoskinson’s critique goes beyond regulatory plumbing. He argues that recent policy proposals are reshaping crypto in ways that contradict its original purpose. In particular, he has criticized stablecoin legislation such as the GENIUS Act for consolidating influence among major financial institutions.
In his view, these efforts risk turning crypto into a gated system dominated by Wall Street firms, rather than an open platform for global innovation.
Rejecting the Idea of “National Crypto”
Hoskinson also pushed back against political branding around digital assets, including memecoins and rhetoric that frame crypto as a national project. He argued that blockchain protocols are inherently global and neutral, and cannot meaningfully belong to any single country.
Governments, he says, can regulate businesses and markets, but attempting to nationalize protocols misunderstands how decentralized systems work.
A Warning, Not Just a Criticism
Despite his blunt tone, Hoskinson framed his comments as a cautionary message rather than pure condemnation. He argued that rushed, politically motivated legislation could damage the industry more than delay.
From his perspective, the goal should not be speed, but durability — rules that survive election cycles and provide a stable foundation for builders. Whether Washington can deliver that remains an open question, but Hoskinson’s message is clear: the patience of crypto’s builders is wearing thin, and the next moves from US lawmakers may determine whether the industry sees America as a partner or an obstacle.
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Source: https://coindoo.com/cardano-founder-slams-us-crypto-leadership-over-regulatory-failure/