Svmuu News Cardano founder Charles Hoskinson has criticized the U.S. "Digital Asset Market CLARITY Act," stating that the bill has design flaws, could take up to 15 years to implement, and may be "instrumentalized" due to changes in political parties. He pointed out that the FTX incident has exacerbated the partisan divide on crypto regulation in the U.S., affecting legislative progress.
Hoskinson also stated that the bill may default to classifying new projects as securities, thereby creating a relative advantage for existing projects. It also overlooks regulatory frameworks such as Europe's MiCA and those in Singapore and Japan, which could lead to incompatibility with international standards. (CoinDesk)