ADA CARDANO - CHARLES HOSKINSON SPEAKS OUT AGAINST CLARITY ACT!
1 extracted signal · 1 resolved · 0 still active
The Crypto MarkIndependent analyst profile- Source published
- 13 May 2026, 17:34 UTC
- Recorded by Tahlil Plus
- 03 Oct 2026, 19:40 UTC
AI-generated source summary
The Clarity Act, also known as the Transparency Act, is a cryptocurrency regulation bill currently under consideration in the US Congress. The latest draft, released by the US Senate Banking Committee, addresses concerns previously raised by crypto companies. Charles Hoskinson, founder of Cardano, commented on the draft, describing it as a significant improvement but must include a provision (Section 604) to protect open-source developers. He dismissed calls to remove this clause as absurd, arguing it would unfairly hold developers responsible for crimes committed by unknown individuals using their software without authorization. Hoskinson added that such a move would pose a serious threat to the open-source environment. Coinbase reviewed the draft and welcomed compromise measures, but banking groups continue to voice objections, potentially increasing the risk of deposit flight from traditional banks.
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The Crypto Mark
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