Ultimate Guide: Charles Hoskinson Doubts Clarity Act Timeline, Says Trump Crypto...

Cardano founder Charles Hoskinson said the CLARITY Act may not pass this quarter, and criticized US crypto laws for favoring big banks over innovation.

Cardano founder Charles Hoskinson said he doubts the US Digital Asset Market Clarity Act will pass this quarter and called on President Donald Trump’s crypto adviser, David Sacks, to resign.

Hoskinson criticized the US approach to regulating crypto in an interview on Sunday with Bitcoin (BTC) enthusiast Scott Melker on The Wolf of All Streets Podcast.

“I don’t think the CLARITY Act is going to pass this quarter,” Hoskinson said, warning that if Democrats regain control of the US House of Representatives in November’s midterm elections, the current window to pass the bill could be lost.

“If it doesn’t pass this quarter, I think Sacks should resign,” he added, blaming Sacks for “utterly failing” the crypto industry since taking on the role of Trump’s crypto czar in late 2024.

Introduced in May 2025, the CLARITY Act cleared both the House Financial Services Committee and the House Agriculture Committee with bipartisan support.

It seeks to clarify the roles of the Securities and Exchange Commission and the Commodities Futures Trading Commission in regulating cryptocurrencies, and to provide guidance on different types of tokens.

The Senate Agriculture and Banking Committees are expected to vote on the bill on Thursday, in a potential milestone for the US crypto industry.

In expressing doubts over the bill’s passage, Hoskinson said Sacks had “failed” the industry in three areas, including falling prices, lack of regulatory clarity and the absence of a strong foundation for building projects.

“If you’re the czar and you’re in charge of this whole thing, I got to judge you by your track record. Most cryptos are down 40 to 50% since Trump took office. So the industry is unhealthy,” he said.

Source: CoinTelegraph