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Cardano founder criticizes design flaws in the CLARITY bill, claiming it may become politicized
ME News message, April 1 (UTC+8), Cardano founder Charles Hoskinson criticized the U.S. “Digital Asset Market CLARITY Act,” saying the bill has design flaws, with an implementation timeline that could be as long as 15 years, and that it may be “weaponized” due to changes in political parties. He noted that the FTX incident has intensified the divide between the two U.S. parties on crypto regulation, affecting progress on legislation. Hoskinson also said that the bill may default new projects to classification as securities, thereby giving existing projects a relative advantage, while ignoring regulatory frameworks in Europe’s MiCA and regions such as Singapore and Japan, which could lead to incompatibility with international standards. (Source: ODAILY)