2026-01-13 02:22:40

Regarding the prospects of the U.S. "Digital Asset Market Clarity Act" (CLARITY Act), industry opinions are beginning to diverge. Cardano founder Charles Hoskinson's recent comments have sparked considerable discussion — he expressed pessimism about the bill's smooth passage in the first quarter of 2026, and questioned the effectiveness of David Sacks, the crypto affairs head of the Trump administration.

Where exactly is the problem? Hoskinson pointed out that since Sacks took office at the end of last year, the crypto market has not experienced the anticipated turnaround. Price fluctuations and regulatory policies remain unclear, and the industry lacks a solid foundational certainty for development. This situation leads him to believe that if the bill ultimately fails, Sacks should be held responsible.

A more realistic dilemma lies in political variables. If the Democrats regain control of the House in the November midterm elections, the likelihood of the CLARITY Act passing will further decline. Currently, the direction of U.S. crypto policy also raises concerns — regulation is leaning toward Wall Street giants like BlackRock, Goldman Sachs, and Morgan Stanley, while retail investors and small projects are being marginalized.

Hoskinson also mentioned that Trump-related crypto projects have, to some extent, intensified market chaos. He emphasized that cryptocurrencies should fundamentally remain global and politically neutral, rather than becoming tools for a particular country or political force. Instead of rushing to introduce politically charged measures, the U.S. should consider establishing a more visionary, innovation-friendly long-term policy framework.

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PoolJumper

· 3h ago

Basically, it's the same old trick: Wall Street eats the meat while we drink the soup... Charles's words are not wrong; Sacks indeed underperformed. Where is the promised reform... I agree with political neutrality; don't treat the crypto circle as tools.

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ProposalManiac

· 3h ago

Basically, it's just that the mechanism design hasn't kept up. Sacks' actions over the past year look lively, but the incentive compatibility problem hasn't been solved—Wall Street eats the meat, retail investors drink the soup. Under such an imbalanced game, it's unlikely that the bill will pass. If CLARITY really passes, it would instead indicate that the entire governance framework has a problem. Why is it always about using political tools to push coins... Isn't this just a replay of failed cases in history? Claiming political neutrality sounds nice, but the current policy framework essentially tilts towards big money; small projects have no real proposal rights. That's the most painful part. Hoskinson is starting to shift blame again, but honestly, the decentralization issue he pointed out does exist. The question is, who will fix this mechanism... Price volatility and unclear regulations are fundamentally because no one can truly enforce consensus on this system. Even DAO proposal processes are much clearer.

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MEVHunter

· 3h ago

Wall Street vampires have won again, this is the reality... The risk of the CLARITY bill being shelved is indeed high, but to be honest, Sacks never really intended to loosen regulation, just putting on a show. Arbitrage opportunities are gone, gas fees are still high, and small projects continue to be suppressed... This is the current situation. Political neutrality sounds good, but U.S. policies have always served big capital, and retail investors have long been marginalized.

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SandwichVictim

· 3h ago

Honestly, Sacks is really a bit disappointing. It's been almost a year since he started, and he's still the same... The Wall Street guys are eating so well, while we small retail investors are being cut to death. It's really absurd. Hoskinson hit the nail on the head. Crypto shouldn't become a political game; it's just nonsense. If CLARITY really goes down the drain, I won't be able to smile... The political variables are too unpredictable. If something goes wrong with the November elections, it's game over. That's really frustrating. Cryptocurrency was meant to be decentralized, but now it's being increasingly controlled by power. How ironic. Trump's crypto projects really muddied the waters. It feels like the entire market has been hijacked. Sacks has to take the blame for this. Wasting that free position—it's time to reflect. Small and medium projects are really too difficult. The giants monopolize the market, and we can't even get a sip. Long-term policies > short-term chaos. Why is this so hard to understand?

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RadioShackKnight

· 3h ago

Hoskinson is right, Sacks has indeed been inactive for over a year... The coin still fluctuates like before, and policies remain vague. Wall Street giants are eating the meat while we are drinking the soup... That's the real issue. Cryptocurrency was meant to be decentralized, but now it has been hijacked by politics, which is ironic.

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ImpermanentLossFan

· 3h ago

Hoskinson is right on this one. Sacks has been in office for so long and still making no progress. Where is the clear path we were promised? --- Basically, Wall Street is making money while retail investors are just drinking soup. This is American democracy... --- Crypto shouldn't be tied to politics, but now it's all Trump coin and political power plays. It's ridiculous. --- If the Democrats win the midterm elections, this bill will be dead on arrival. I bet five bucks. --- Wait, is Sacks really working? The market looks like no one is in charge. --- So the current situation is big capital monopolizing, retail investors being pushed out, completely reversing the original meaning of crypto. --- The coin price is still falling, regulation remains vague. Wasting these six months was really pointless.

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