Cardano founder Charles Honskinson recently criticized Ripple CEO Brad Garlinghouse in a Jan. 18 video, focusing on what he described as an industry attempt to pass the U.S. Clarity Act on terms that would expand the Securities and Exchange Commission’s authority over new projects.
According to Hoskinson, the CLARITY Act may be helpful for some companies, but the opposite for others. He continued warn that blindly supporting the bill could confuse the public and also reduce growth in the crypto market.
Hoskinson said that “the law is not perfect and favoring one company over another could backfire.”
🚨CHARLES HOSKINSON MOCKS XRP CEO & DRAFT LAW IN LAST SUNDAY RANT
Cardano founder Charles Hoskinson criticized Ripple CEO Brad Garlinghouse in a latest video, focusing on his support for the CLARITY Act bill. pic.twitter.com/4qKk7FTPtB
— Muntbureau (@coinbureau) January 19, 2026
However, Garlinghouse supports the Digital Asset Market Clarity Act. In the video, Hoskinson acknowledged that Garlinghouse is acting on what he sees as genuine conviction.
“He’s principled. That’s real passion and care. He came into the space from the beginning as a cypherpunk. He’s trying to support what this technology was meant to do,” he said.
The XRP community has attacked Hoskinson for allegedly ‘collapse’, arguing that he is undermining regulatory progress. Others have also supported this skeptical view, reflecting the growing divide in industry opinion on the bill’s merits.
Crypto industry looks to lawmakers at market structure law
The exchange between Hoskinson and Garlinghouse underlines how crypto policy has become more polarized as lawmakers consider the Digital Asset Clarity Act. However, both sides agree that the stakes for U.S. market structure, investor protection and innovation are significant.
The CLARITY ACT was proposed to classify digital assets and provide regulatory clarity. This bill is currently being discussed in the US to provide clearer rules for digital assets and cryptocurrencies.
However, the Senate Banking Committee postponed the increase in the crypto market structure bill after crypto exchange Coinbase publicly withdrawn its support for the legislation on Wednesday, January 14, and the White House is now considering ending support.
🚨SCOOP: The White House is considering completely withdrawing its support for the Crypto Market Structure Act @muntbasis won’t come back to the table with a yield agreement that will satisfy the banks and get everyone to make a deal, a source close to the Trump administration tells me.
—Eleanor Terrett (@EleanorTerrett) January 17, 2026
Despite the delay, committee chairman Tim Scott reaffirmed that negotiations would continue in good faith. He said he had conversations with leaders in the crypto industry and the financial sector, as well as with both parties in Congress.
If passed, the bills would become the first comprehensive federal statutes to provide a clear view of the crypto market structure, replacing reliance on regulatory guidelines and lawsuits.
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