Cardano Founder Questions Progress of CLARITY Act, Urges 'Crypto Czar' of Trump Administration to Resign

According to Cryptopolitan, Cardano founder Charles Hoskinson expressed doubts in an interview about the progress of the US 'Cryptocurrency Market Clarity Act (CLARITY Act)' passing in the first quarter of 2026, and called for David Sacks, the cryptocurrency affairs head of the Trump administration, to resign. Hoskinson pointed out that since Sacks took office at the end of 2024, cryptocurrency prices have fallen, regulations lack clarity, and the industry has failed to establish a solid foundation for development. He believes that if the act does not pass this quarter, Sacks should resign, stating that he has 'let down the entire industry'. Hoskinson also mentioned that if the Democratic Party regains control of the House of Representatives in the November midterm elections, the act will be even less likely to pass. He criticized the current US crypto policy for favoring large financial institutions over retail investors, and centralizing the industry around Wall Street institutions like BlackRock, Goldman Sachs, and Morgan Stanley. Additionally, Hoskinson reiterated that Trump-related cryptocurrency projects have brought market chaos, emphasizing that cryptocurrencies should remain global and neutral, rather than nationalized or politicized. He advocates for the US to establish enduring and innovation-friendly crypto regulations, even if it takes longer.

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