"Better than nothing" doesn't work either? Cardano founder blasts CLARITY bill, Ripple CEO's stance questioned, ADA under pressure

GateNews
ADA9,25%

January 20 News, disagreements surrounding the U.S. “Digital Asset Market Clarity Act” (referred to as the CLARITY Act) are rapidly escalating within the crypto industry. Cardano (ADA) founder Charles Hoskinson recently questioned Ripple CEO Brad Garlinghouse’s support for the bill during a live broadcast, stating that the current version of the CLARITY Act may do more harm than good to the industry.

Hoskinson’s core argument is whether a regulatory framework with obvious flaws is truly better than a vague regulatory environment. He warned that rushing the bill through before key provisions are finalized could re-empower regulatory agencies that have previously taken a tough stance against crypto companies, ultimately causing the industry to become passive again. During the live broadcast, he bluntly stated that handing power back to “those who have sued us” is not a trustworthy choice.

This stance quickly sparked strong reactions within the crypto community. On-chain and public opinion data platform Santiment showed that market discussion sentiment around ADA surged significantly in a short period. Bullish comments temporarily outnumbered bearish ones, with the positive to negative sentiment ratio reaching as high as 27:1. Meanwhile, social media activity and discussion share related to Cardano also increased, indicating a brief concentration of funds and attention.

However, the rising sentiment did not immediately translate into price gains. After the surge in attention, ADA’s price retreated from nearly $0.40 to around $0.36, then entered a narrow consolidation range between $0.36 and $0.37. From a technical perspective, the Relative Strength Index (RSI) remained stable around 43, showing no clear oversold signals; the MACD continued to operate below the zero line, but bearish momentum has slowed.

Market performance indicates that the emotional impact of policy discussions still requires time to digest. Investors are continuously assessing how legislative developments might influence the crypto market, especially the public chain ecosystem and token valuations in the medium to long term.

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