Charles Hoskinson Criticizes Ripple CEO Over CLARITY Act Support
- Charles Hoskinson criticized Ripple’s Brad Garlinghouse for supporting the CLARITY Act, labeling it a flawed compromise.
- The Cardano founder argued that the bill gives excessive power to regulators, undermining crypto principles.
- Hoskinson claimed the legislation, with 137 amendments, effectively grants control to the SEC over crypto projects.
- He questioned if passing such legislation could be reversed, citing the unchanged Securities Exchange Act of 1933.
- Hoskinson accused industry leaders of compromising ideals for power and status within a new oligarchy.
Charles Hoskinson has publicly challenged Brad Garlinghouse’s support for the CLARITY Act, arguing it compromises crypto’s core values by empowering regulators excessively. The Cardano founder emphasized potential long-term negative impacts on the industry from such legislation.
Source (3.2)https://cryptobriefing.com/hoskinson-criticizes-clarity-act/?rand=59535
