Cardano founder Charles Hoskinson warned the proposed US Digital Asset Market CLARITY Act could take more than a decade to implement and be vulnerable to political shifts.
He said the legislation risks being “weaponised” by future administrations and may not survive changes in political leadership.
“Even if it does get passed, it’s going to take many years of rulemaking,”
Hoskinson said, warning the process could stretch to “15 years of rulemaking and slow rolling.”
Hoskinson argued the bill reflects a post-FTX shift toward a more hostile regulatory environment, particularly among Democrats, treating new crypto projects as securities by default.
He said this structure would favour established tokens such as Cardano, XRP and Ethereum while limiting the ability of new projects to grow and compete.
The legislation is still under negotiation in Congress, with unresolved issues including decentralised finance and broader political demands delaying progress toward a full Senate vote.
Hoskinson also criticised the bill as overly complex and too focused on US-specific rules, warning it could become incompatible with global crypto frameworks and prolong industry uncertainty.
At the time of reporting, Cardano price was $0.2425.