Charles Hoskinson: The Clarity Act Is Structurally Broken and a Bad Bill Is Worse Than No Bill

2 weeks ago 13

Rommie Analytics

Key Takeaways:

  • Bad bill is worse than no bill says Cardano founder.
  • Clarity Act built without industry consultation.
  • CFTC has no budget to enforce new mandate.
  • Next administration inherits unfinished rulemaking.
  • Security vs commodity question never properly resolved.
  • NIST should have been the technical tiebreaker
  • Trust collapse is the problem crypto solves.
  • Industry was winning courts without legislation.

The Bill Nobody Built Correctly

Charles Hoskinson has been in this room before. In 2022, during the Biden administration, he sat before Congress and worked through the Financial Innovation and Technology for the 21st Century Act alongside Senators Gillibrand and Lummis. He knows what serious legislative construction looks like. And what he sees in the Read Entire Article