Charles Hoskinson warns CLARITY Act could classify ETH, XRP, ADA as securities, risking crypto innovation.

Charles Hoskinson criticized the CLARITY Act, warning it could classify major cryptocurrencies like Ethereum, XRP, and Cardano as securities if launched today. He argued that past legal ambiguity allowed crypto projects to grow before strict regulations, and that the Act's stricter rules might hinder new projects from gaining wide adoption. Hoskinson also suggested some industry leaders support the Act for strategic advantage rather than genuine ecosystem growth. He cautioned that aggressive enforcement could create barriers for startups and reshape the crypto market's future.