Cardano founder questions the progress of the "CLARITY Act" and urges the Trump administration's "crypto czar" to resign

According to Cryptopolitan, Cardano founder Charles Hoskinson expressed skepticism in an interview about the U.S. "Digital Asset Market Clarity Act (CLARITY Act)" passing in the first quarter of 2026, and called for David Sacks, the Trump administration's head of cryptocurrency affairs, to resign. Hoskinson pointed out that since Sacks took office at the end of 2024, cryptocurrency prices have fallen, regulatory clarity has been lacking, and the industry has failed to establish a solid foundation for development.

He believes that if the bill does not pass this quarter, Sacks should resign, stating that he has "let the entire industry down." Hoskinson also mentioned that if the Democrats regain control of the House in the midterm elections in November, the bill will be even less likely to pass. He criticized the current U.S. cryptocurrency policy for favoring large financial institutions over retail investors, centralizing the industry around Wall Street firms like BlackRock, Goldman Sachs, and Morgan Stanley.

Additionally, Hoskinson reiterated that Trump-related cryptocurrency projects have caused market confusion, emphasizing that cryptocurrencies should remain global and neutral, rather than being nationalized or politicized. He advocates for the U.S. to establish enduring and non-restrictive cryptocurrency regulations, even if it takes longer.