This article was first published on Deythere.
Cardano founder Charles Hoskinson has come down hard on U.S. crypto policy and the state of crypto legislation, specifically calling for White House crypto czar David Sacks to step down if the Digital Asset Market CLARITY Act isn’t signed into law by Q1 2026.
Speaking on The Wolf of All Streets podcast, Hoskinson described the current legislative environment as failing the industry and expressed skepticism about the bill’s passage, citing political and policy missteps tied to the Trump administration’s approach to cryptocurrency.
Public Call for Resignation if CLARITY Act Fails
Hoskinson’s message was straightforward: If the CLARITY Act doesn’t get passed this quarter, crypto czar David Sacks should step down.
In his interview, he said, “If it doesn’t pass this quarter, I think David Sacks should resign. He’s utterly failed us as an industry. If you’re the czar and you’re in charge of this whole thing, I’ve got to judge you by your track record.”
The CLARITY Act, short for the U.S. Digital Asset Market Clarity Act (H.R. 4633), seeks to define oversight of digital assets by clarifying the roles of the Securities and Exchange Commission and Commodity Futures Trading Commission. It coasted through the house, and now has a series of Senate committee votes before it.
Hoskinson in particular noted that political changes, such as Democrats potentially reclaiming control of the House in the November midterms, could make this legislative opportunity the last viable one for a while, adding pressure to finalize the bill now.
Trump-Connected Ventures Under Scrutiny and How They Affect The Industry
Outside of the legislative timeline, Hoskinson criticized developments he believes to have complicated regulatory progress, most notably the launch of the Official Trump meme coin.
He said it was “catastrophic” for the industry, and cautioned that Clinton-aligned challengers might weaponize the episode against crypto in political arguments during midterms.
And the problem is Trump’s name’s on it. So it’s really hard to run away from it and say he had nothing to do with it,” Hoskinson said regarding the meme coin and its political optics.
Erosion of Industrial Confidence Under Current Policy
Hoskinson’s criticism extended to more dissatisfaction with the regulation. He called attention to lack of regulatory clarity, falling cryptocurrency prices since the start of Trump’s second term, and an inability to provide clear policy standards for industry growth as indicators of a flawed political system that has “let the industry down”.
He added that, “Most cryptos are down 40 to 50 % since Trump took office. So the industry is unhealthy.”
Not to mention that political maneuvering has cooled institutional and developer interest. Had the CLARITY Act proceeded on time, many of these concerns may have been addressed, Hoskinson said.
He also knocked certain legislative efforts, like the stablecoin-focused GENIUS Act, saying it centralizes industry power with large financial institutions like BlackRock, Goldman Sachs and Morgan Stanley, adding that the bill essentially “handed Wall Street the keys to the crypto kingdom.”
Political Risk and the Long-Term Framework
Hoskinson’s statements also echo concerns about politicization of innovation in cryptocurrency. Crypto should not be a nationalized or partisan thing,” he added, taking a global and neutral view:
“There’s no such thing as an American crypto. You can have American cryptocurrency companies, but you can’t have American cryptocurrency protocols. That doesn’t make sense.”
He contended that while it might take longer to build consensus, the end result should be stable, innovation-friendly laws that ensure long-term growth and are not just short term political wins.
Hoskinson’s stance spells out the difference between reckless policy, as he characterizes it happening now, and being deliberate on what regulation does look like in the long term for everyone from builders and developers to investors and participants in the global stage.
Conclusion
Charles Hoskinson’s sharp critique of U.S. crypto policy and his call for crypto czar David Sacks to resign if the CLARITY Act demand is unmet shows mounting industry impatience with legislative delays.
He connected political missteps which ranged from the Trump-linked meme coin launch to slower bipartisan progress and growing skepticism from both lawmakers and market participants.
His appeal emphasizes the need for sensible, long-lasting regulatory regimes that will outlast fleeting political imperatives and give crypto entrepreneurs confidence that this country is a safe space for their kind of innovation.
Glossary
CLARITY Act (Digital Asset Market Clarity Act): A U.S. legislative initiative to create regulatory clarity around digital assets and delegate oversight responsibilities between the SEC and the CFTC for cryptocurrencies.
Crypto Czar: Advisor from the government who is tasked with framing national cryptocurrency policy, currently David Sacks in the Trump administration.
Meme coin: Usually influenced by internet culture or, in this case, celebrities and figures like the Official Trump meme coin that Hoskinson refers to as a negative political influence.
GENIUS Act: A U.S. stablecoin regulatory framework passed in 2025, regulating the issuance of stablecoins and reserves.
Frequently Asked Questions About Hoskinson’s CLARITY Act Demand
Why did Hoskinson demand the crypto czar resign?
According to Hoskinson, David Sacks should step down if the CLARITY Act does not pass this quarter because he has “completely failed” this industry by getting no legislative points on the board or providing regulatory clarity.
What is the CLARITY Act?
The Digital Asset Market Clarity Act is a bipartisan piece of legislation that seeks to provide regulatory clarity for digital assets by differentiating between the responsibilities of U.S. authorities.
What did Hoskinson say about the Trump meme coin?
He called the Official Trump meme coin “catastrophic” for the industry and warned that political opponents could use it to campaign against crypto.
What did Hoskinson say about U.S. crypto policy?
He criticized the current crypto policy in the U.S. as negative, unclear and biased toward large financial institutions at the expense of overall industry health.
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