Cardano founder Charles Hoskinson has reignited a crypto regulation fight, using a recent Crypto.com interview to criticize the CLARITY Act and question who benefits from it.
In his remarks, Hoskinson said the bill’s promise of regulatory structure could still tilt the playing field toward established players. He argued that under stricter interpretations, assets such as Ethereum, XRP, and Cardano (ADA) could be classified as securities. He also pointed to the regulatory gray area that he says helped early networks grow and entrench themselves, then warned that tightening rules may raise barriers for newer projects trying to compete.
Hoskinson framed part of the debate as a lobbying problem, not just a policy problem. He described the bill as imperfect, while suggesting that momentum behind it may reflect strategic self-interest. In that context, he also warned that once a regulatory framework is set, it becomes hard to unwind.
He cautioned that if the bill passes, it likely cannot be changed later. The core concern in his argument is that rigid rules could be used to sideline newer entrants while benefiting early movers.
The comments also land in an ongoing dispute between Hoskinson and Ripple leadership. The source notes that Hoskinson previously challenged XRP holders’ legal claims over Ripple’s broader assets and raised concerns about XRP supply concentration under the company’s control. The desk also reports that Hoskinson has called XRP a “sleeping giant” in DeFi, citing its “untapped potential.”