The post Charles Hoskinson criticizes Ripple CEO Brad Garlinghouse for backing flawed CLARITY Act appeared on BitcoinEthereumNews.com.

Key Takeaways Charles Hoskinson criticized Ripple’s Brad Garlinghouse for supporting the CLARITY Act, which he considers flawed. Hoskinson argued that passing compromised legislation could lead to long-term negative impacts on the crypto industry. Charles Hoskinson publicly challenged Ripple CEO Brad Garlinghouse over his support for the draft CLARITY Act, calling the bill a dangerous compromise rather than real regulatory clarity. The Cardano founder argued during a recent livestream that the current bill version, which seeks to establish a comprehensive regulatory framework for digital assets while promoting innovation, would hand too much power to regulators and undermine crypto’s core principles. Hoskinson claimed that the legislation, after 137 amendments, effectively hands “the entire keys to the cryptocurrency kingdom” to the SEC, requiring projects to seek exemptions rather than operating freely. “You have to go beg and plead for them to make it not a security. All new projects are securities by default. How is that any better than what scary Gary gave us under Biden?” he said. Hoskinson directly challenged Garlinghouse’s pragmatic stance on the bill. “You still got people like Brad saying, well, it’s not perfect, but we just got to get something,” he stressed. “Hand it to the same people who sued us. That’s better?” The Cardano founder questioned whether passing flawed legislation could ever be corrected, citing the Securities Exchange Act of 1933. “93 years later, have we been able to change it? No. You pass it, you own it forever,” he said. “Sorry, Brad. It’s not better than chaos.” Hoskinson framed his opposition in ideological terms, stating he “signed up for freedom” and “a revolution,” not a system where “everything is a custodial wallet” and “every transaction is KYC.” He accused industry leaders of accepting compromised legislation in exchange for power, wealth, and elite status, abandoning the ideals…

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Filed under: News - @ January 20, 2026 2:21 am