Clarity or Capture? Why Cardano’s Hoskinson Says the Clarity Act Sells Crypto’s Soul
A food fight is happening between crypto founders over the terms of the Clarity Act, a new bill that will divvy up cryptocurrencies between the Securities & Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC). Ripple stands to win big, and Ripple founder, Brad Garlinghouse, is advocating for congress to pass the bill.
Charles Hoskinson, co-founder of Ethereum and founder of Cardano, criticized Garlinghouse for supporting the current version of the bill, unlike Coinbase’s Brian Armstrong, who has criticized the bill itself.
“Clarity” Versus Control
“Ripple and I know firsthand that clarity beats chaos, and this bill’s success is crypto’s success,” Garlinghouse wrote on X, adding, “I remain…
