‘American Crypto’ Doesn’t Exist, Cardano Founder Says

Cardano founder Charles Hoskinson expressed doubt that the US Digital Asset Market Clarity Act (CLARITY Act) will pass this quarter, warning that the window might close if Democrats gain control of the House in the midterms. He strongly criticized David Sacks, Trump’s crypto advisor, stating Sacks should resign for "utterly failing" the industry, citing falling crypto prices and a lack of regulatory clarity since Sacks took the role in late 2024. Hoskinson argued that the industry is unhealthy, with most cryptos down significantly. Furthermore, he criticized other proposed legislation like the GENIUS Act for centralizing the industry around large financial institutions like BlackRock and Goldman Sachs. Hoskinson concluded by asserting that there is no such thing as an "American crypto," emphasizing that cryptocurrency protocols must remain global and neutral, urging the US government to pass lasting rules collaboratively rather than rushing for partisan gain.

(Source：Cointelegraph)