Policy chaos and neutrality crisis: Cardano founder blasts US cryptocurrency regulation direction

The U.S. cryptocurrency regulatory policy has fallen into chaos. Cardano founder Charles Hoskinson recently expressed deep dissatisfaction with the current state of the industry in an interview, pointing out that the current policy environment has not only failed to create a stable foundation for the industry but has also intensified the loss of neutrality in the market. This controversy has sparked a rethinking within the industry about the direction of crypto policies.

CLARITY Act Progress Faces Obstacles, Hoskinson Questions Effectiveness of Regulators

According to Cryptopolitan, Hoskinson has reserved judgment on whether the U.S. Digital Asset Market Clarity Act (CLARITY Act) will pass smoothly in the first quarter of 2026. He bluntly stated that since Trump administration crypto advisor David Sacks took office, the cryptocurrency market has performed poorly, and regulatory policies lack clear direction, preventing the industry from establishing a long-term, stable development foundation.

Hoskinson believes that if the bill cannot be implemented this quarter, Sacks should take responsibility and resign. He评价Sacks “failed to meet industry expectations,” implying that his governance has not brought substantive improvements to the crypto industry. Furthermore, Hoskinson warned that if the Democrats regain control of the House in the midterm elections, the prospects for passing the bill will become even more bleak.

Wall Street Monopoly Over Crypto Policies Marginalizes Retail Investors’ Rights

Commenting on current policy trends, Hoskinson pointed out that the U.S. crypto regulatory system exhibits obvious structural biases. The current policies overly favor large financial institutions, and protections for retail investors are insufficient. Notably, giants like BlackRock, Goldman Sachs, and Morgan Stanley hold too much influence in policy-making, leading to the development center of the crypto industry gradually concentrating in the hands of these traditional financial oligarchs.

Hoskinson emphasized that this phenomenon contradicts the original intention of cryptocurrencies. He believes the crypto market should remain open and neutral, rather than becoming a playground for Wall Street capital. This imbalance of power not only breaks the neutrality that the crypto world should uphold but also further exacerbates market instability and chaos.

Global Decentralization Under Threat, Industry Calls for Maintaining Neutrality

Hoskinson revisited the market chaos caused by Trump-related crypto initiatives, emphasizing that such politically charged measures are destroying the global nature of cryptocurrencies. He advocates that the crypto industry must maintain international and political neutrality and should not be hijacked by specific countries or political forces.

In his view, the U.S. should develop a long-term crypto regulatory framework that does not restrict innovation. Although this process may require more time and negotiation, from the perspective of industry long-term development, maintaining a neutral and stable regulatory environment is the right path. Hoskinson’s call reflects the industry’s widespread concern about the current policy chaos and a shared hope to return to the original neutrality of cryptocurrencies.