Cardano Founder Charles Hoskinson Criticizes Proposed CLARITY Act HR 3633, Warns of SEC Implications

Cardano founder Charles Hoskinson sharply criticized the proposed CLARITY Act (HR 3633) in a recent video, arguing it would effectively treat all crypto assets as securities, CoinBureau reports. He compared the bill's potential regulatory impact to what he described as a hostile scenario for the U.S. Securities and Exchange Commission, referencing previous SEC actions under Gary Gensler. Hoskinson noted JPMorgan believes the bill could be approved this year and cautioned that a future Democratic administration could create a significantly more difficult environment for the blockchain industry.