Cardano founder questions progress of the "CLARITY Act," urges Trump's "crypto czar" to resign

PANews January 13 News, according to Cryptopolitan, Cardano founder Charles Hoskinson stated in an interview that he is skeptical about the U.S. “Digital Asset Market Clarity Act (CLARITY Act)” passing in the first quarter of 2026, and called for Trump administration’s cryptocurrency affairs head David Sacks to resign. Hoskinson pointed out that since Sacks took office at the end of 2024, cryptocurrency prices have fallen, regulatory clarity remains lacking, and the industry has failed to establish a solid development foundation. He believes that if the bill does not pass this quarter, Sacks should resign and described him as having “let down the entire industry.” Hoskinson also said that if the Democrats regain control of the House in the November midterm elections, the bill will be even less likely to pass. He criticized current U.S. crypto policies for favoring large financial institutions over retail investors and for centralizing the industry around Wall Street firms like BlackRock, Goldman Sachs, and Morgan Stanley. Additionally, Hoskinson reiterated that Trump-related cryptocurrency projects have caused market chaos, emphasizing that cryptocurrencies should remain global and neutral, rather than being nationalized or politicized. He advocates for the U.S. to develop lasting and innovation-friendly crypto regulations, even if it takes more time.