PANews reported on April 1st that, according to CoinDesk, Cardano founder Charles Hoskinson expressed concern about the Clarity Act, warning that even if passed, it could require a 15-year rulemaking process and could be "weaponized" by future legislators. He pointed out that the current regulatory environment is a direct consequence of the FTX collapse, leading to a shift in Democratic attitudes towards crypto from curiosity to hostility, initiating a three-year crackdown. Hoskinson criticized the act for implicitly classifying all new projects as securities, making it difficult for them to escape this category, thus benefiting existing crypto assets like Cardano, XRP, and Ethereum while hindering the growth of new projects.

Hoskinson argues that current discussions surrounding the bill focus on secondary issues such as whether stablecoins should pay yields, ignoring fundamental flaws. He calls the bill a "Frankenstein's monster" attempting to encompass everything and lacking involvement from technical experts in its drafting. He points out that crypto has become a partisan issue, with Trump turning it into a bipartisan battleground, and Democrats linking crypto to corruption and Trump himself. He suggests that US regulation should align with global frameworks such as those of the EU, Abu Dhabi, Japan, and Singapore; otherwise, US standards will be incompatible with global standards.