Cardano (CRYPTO: ADA) founder Charles Hoskinson slammed Ripple (CRYPTO: XRP) CEO Brad Garlinghouse for backing the Senate’s Clarity Act draft, warning the bill hands too much power to the SEC and locks crypto into flawed regulation that favors banks over innovation.
The Fight Over “Clarity Beats Chaos”
Garlinghouse praised the Senate Banking Committee’s version of the Clarity Act on January 14, calling it a massive step forward despite imperfections.
“Ripple and I know firsthand that clarity beats chaos, and this bill’s success is crypto’s success,” Garlinghouse wrote on X.
“I remain optimistic that issues can be resolved through the mark-up process,” he added.
Hoskinson fired back in a 30-minute video, rejecting the idea that bad regulation is better than no regulation.
“Sorry Brad, it’s not better than chaos,” Hoskinson said. “Take the chaos and fight for what’s right!”
Why Hoskinson Says The Bill Hands Power To SEC
The Clarity …