Charles Hoskinson Slams Ripple CEO Brad Garlinghouse Over CLARITY Act Support
Summary
Cardano founder Charles Hoskinson launched a sharp critique against Ripple CEO Brad Garlinghouse during a live stream, specifically targeting his support for the Digital Asset Market Clarity Act (CLARITY Act). Hoskinson views Garlinghouse's willingness to accept imperfect legislation as a dangerous compromise that betrays crypto's core principles, arguing that accepting the bill, which has ballooned with amendments, risks handing sweeping authority to regulators like the SEC. Garlinghouse, conversely, supports the bill, believing regulatory clarity is necessary to stop stifling innovation, even if the final product isn't perfect. This disagreement reflects a broader split in the crypto community, where pragmatists like Garlinghouse clash with purists like Hoskinson, who fears the bill will force builders into a defensive posture of having to "beg and plead" for approval.
(Source:CCN)