Hoskinson Warns CLARITY Act May Default New Tokens to Securities as Senate Stablecoin Talks Stall

Cardano founder Charles Hoskinson said in a recent livestream that the proposed CLARITY Act could treat most new digital tokens as securities by default, expanding SEC oversight and imposing registration obligations from inception, while established assets such as XRP and ADA might avoid that designation under current draft language. He argued the framework lacks clear compliance paths for decentralized finance protocols like Uniswap and prediction markets, potentially restricting liquidity channels and token distribution models while leaving DeFi systems exposed to enforcement-based interpretations. Senate discussions on the bill and broader crypto rules remain stalled as banking groups and cryptocurrency firms fail to agree on treatment of stablecoin rewards, staking programs, and membership benefits despite a March 1 White House deadline, while the Senate Banking Committee weighs a new markup window in mid to late March and the Office of the Comptroller of the Currency advances related digital asset rulemaking. Polymarket data show odds the CLARITY Act will be signed into law in 2026 rose to 74% from 65%, and at the time of writing Cardano (ADA) traded at $0.2646, down 2.16% in 24 hours, while XRP changed hands at $1.35.