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01/20 03:37

Industry Rift Widens: Hoskinson Criticizes

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Industry Rift Widens: Hoskinson Criticizes Ripple CEO Over CLARITY Act Support The cryptocurrency sector is witnessing a deepening ideological divide as Cardano founder Charles Hoskinson publicly criticized Ripple CEO Brad Garlinghouse regarding the Digital Asset Market Clarity Act (CLARITY Act). The dispute highlights a fundamental disagreement over whether "any regulation is better than no regulation." Hoskinson’s primary contention lies in the risk of empowering regulatory bodies that have historically shown hostility toward the industry. He argues that the bill, in its current form, essentially hands authority back to agencies like the SEC, potentially sabotaging the very innovation it seeks to protect. This stands in stark contrast to Garlinghouse’s pragmatism; the Ripple CEO maintains that despite the bill's flaws, it provides a necessary exit from the legal ambiguity that has stifled U.S. crypto firms for years. The Prediction: A Narrowing Window for Success Hoskinson has issued a somber prediction regarding the bill's future, suggesting that its likelihood of passage is rapidly diminishing. He noted that the initial bipartisan momentum has been compromised by partisan theater and shifting political priorities. According to Hoskinson, if the CLARITY Act does not clear Congress this quarter, it is likely to fail entirely. He has even called for the resignation of key policy figures, such as David Sacks, should the legislation stall. As the industry remains split—with leaders like Brian Armstrong also expressing reservations—the window for a unified regulatory framework appears to be closing, leaving the sector at risk of continued "regulation by enforcement." #PostToEarnBonus #Create Content for HTX and Win a Share of 1000U! #B: Hybrid L2 with Bitcoin Security & EVM

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