Cardano founder questions progress of the "CLARITY Act," urges Trump's "crypto czar" to resign

CoinVoice · 2026-01-13T01:52:31+00:00

Cardano founder Charles Hoskinson expressed skepticism about the passage of the U.S. "Digital Asset Market Clarity Act" and called for the resignation of relevant officials. He criticized the lack of regulatory clarity, believed that current policies favor large financial institutions, harm retail investors, and advocated for the development of inclusive and sustainable crypto regulations.

CoinVoice

2026-01-13 01:52:31

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CoinVoice has learned that, according to Cryptopolitan, Cardano founder Charles Hoskinson stated in an interview that he is skeptical that the US “Digital Asset Market Clarity Act (CLARITY Act)” will pass in the first quarter of 2026, and called for Trump administration’s cryptocurrency affairs head David Sacks to resign. Hoskinson pointed out that since Sacks took office at the end of 2024, cryptocurrency prices have fallen, regulatory clarity has been lacking, and the industry has failed to establish a solid development foundation.

He believes that if the bill does not pass this quarter, Sacks should resign and has said he “let the entire industry down.” Hoskinson also stated that if the Democrats regain control of the House in the November midterm elections, the bill will be even less likely to pass. He criticized current US crypto policies for favoring large financial institutions over retail investors and for centralizing the industry around Wall Street firms like BlackRock, Goldman Sachs, and Morgan Stanley.

Additionally, Hoskinson reiterated that Trump-related cryptocurrency projects have caused market chaos, emphasizing that cryptocurrencies should remain global and neutral, rather than being nationalized or politicized. He advocates for the US to develop lasting and innovation-friendly crypto regulations, even if it takes more time.

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