Hoskinson Slams CLARITY Act, Calls Out Ripple CEO
Cardano founder Charles Hoskinson is once again making headlines, this time for speaking out strongly against the proposed Digital Asset Market CLARITY Act of 2025. In a recent livestream, he not only criticized the bill but also took aim at Ripple CEO Brad Garlinghouse for supporting it. Hoskinson accused Garlinghouse of giving in to regulators who have previously targeted crypto companies like Ripple.
The CLARITY Act is a proposed U.S. law that aims to create clear rules for the crypto industry. It covers a wide range of topics, including how to classify digital tokens, regulate DeFi platforms, manage stablecoins, and decide which government agencies will oversee different parts of the market. While many in the crypto space originally supported the bill, some major players are now backing away.
Hoskinson was once a supporter of the bill himself, even participating in discussions about its development. But now, he says the bill gives too much power to the Securities and Exchange Commission (SEC), which has been known for aggressively targeting crypto projects. He believes that instead of fixing the problem, the bill could make it worse by labeling most cryptocurrencies as securities.
During his livestream, Hoskinson didn’t hold back. He slammed Garlinghouse for saying that an imperfect bill is better than no clarity at all. Hoskinson argued that giving more control to the same regulators who have sued and penalized crypto companies is a step backward. He called it a betrayal of what crypto stands for.
“Sorry Brad, it’s not better than chaos,” Hoskinson said. “Take the chaos and fight for what’s right. Fight for integrity. I didn’t sign up to hand the revolution to 15 banks.”
He also accused some crypto leaders of selling out for personal gain—chasing money, private jets, and luxury lifestyles instead of standing up for the core values of decentralization and financial freedom.
Hoskinson emphasized that he didn’t get involved in crypto to help big banks or government regulators take over. He said the original mission, inspired by Bitcoin’s creator Satoshi Nakamoto, was about giving power back to the people—not letting it be controlled by a few institutions.
While Garlinghouse was his main target, Hoskinson’s message applies to others still backing the bill as well. Kraken CEO Arjun Sethi voiced support for the CLARITY Act on the same day that Coinbase CEO Brian Armstrong announced he was withdrawing his support, citing concerns about anti-crypto measures in the bill—like a potential ban on tokenized equities.
Other influential figures such as venture capitalist Chris Dixon and White House advisor David Sacks have also expressed support for the bill, arguing that it brings needed regulatory clarity and could help U.S. companies compete globally.
In contrast, Hoskinson believes that accepting flawed regulations just for clarity is dangerous. He insists that crypto leaders should continue to push back against unfair rules and defend the original vision of decentralization and user empowerment.
Keywords: Charles Hoskinson, Brad Garlinghouse, Cardano, Ripple, CLARITY Act 2025, crypto regulation, SEC, DeFi, stablecoins, digital tokens, Coinbase, Kraken, decentralization, financial freedom, crypto industry news