Cardano Founder: Ripple's Support for the Clarity Act is Self-Serving, Not for Industry Defense

AirdropBlackHole · 2026-03-30T14:08:31+00:00

Charles Hoskinson expressed concerns about the Clarity Act, suggesting it may protect Ripple while jeopardizing smaller projects by classifying them as securities. He warns it could harm industry competition and impose legal liabilities on open-source developers, viewing Ripple's support as self-serving.

AirdropBlackHole

2026-03-30 14:08:31

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On March 30, Cardano founder Charles Hoskinson stated that the current version of the Clarity Act may protect Ripple and XRP, but poses risks for smaller projects. He specifically warned that the act could classify newer projects as securities while safeguarding existing networks. Additionally, he cautioned that passing this legislation in its current form could weaken competition in the cryptocurrency sector. He also pointed out that certain provisions could impose unlimited legal liability on open-source developers. Given these concerns, Hoskinson believes that Ripple’s continued support for the Clarity Act is primarily driven by its own interests rather than a commitment to defend the interests of the entire industry.

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