Cardano Founder Explains Why The CLARITY Act Failed to Pass US Legislation

• Charles Hoskinson says the CLARITY Act failed because it lacked fragmentation.
• Hoskinson criticized US legislators for failing to consult and negotiate extensively.
• Lawmakers did not resolve individual regulatory questions and build bipartisan agreement.

Cardano founder Charles Hoskinson has attributed the CLARITY Act’s failure to Washington’s attempt to regulate the entire digital asset ecosystem at once, rather than taking a modular, category-specific approach. In his latest podcast, Hoskinson calls this strategy “omnibus,” saying it overloaded agencies like the CFTC and undermined decentralized finance, making the bill’s failure preferable to flawed legislation.

The renowned tech leader boasted that he predicted this failure over a year ago and emphasized his familiarity with the US legislative sector and his work with lawmakers. Hoskinson presented a few le…

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