Charles Hoskinson Criticizes XRP CEO Over Support for CLARITY Act

TLDR

• Charles Hoskinson criticized Brad Garlinghouse’s approval of the CLARITY Act.
•  Hoskinson questioned cooperating with agencies that have sued crypto firms.
• Brad Garlinghouse stated the bill is not perfect but said, “Is it better than nothing? Absolutely.”
• Paul Barron said the CLARITY Act allows warrantless transaction monitoring and could freeze assets based on perceived risk.
• Polymarket data shows a 43% chance of the CLARITY Act being signed into law in 2026.

Cardano founder Charles Hoskinson openly criticized Ripple CEO Brad Garlinghouse during his latest video on Sunday, focusing on regulatory issues. The comments targeted Garlinghouse’s backing of the CLARITY Act, a pending crypto bill discussed in the U.S. Senate. The video has triggered fresh debate about regulatory support and industry leadership.

Hoskinson Rejects Garlinghouse’s Support for CLARITY Act

In a post on X by Coin Bureau, Charles Hoskinson directly addressed Garlinghouse’s recent statements supporting the CLARITY Act despite its perceived regulatory challenges. In his comments, Hoskinson stated, “Elizabeth Warren wrote the bill, that’s leadership we can believe in,” referencing the senator’s involvement.

He continued, “You still got people like Brad saying, well, not perfect, but we just got to get something.” Hoskinson also criticized the idea of cooperating with regulatory agencies responsible for past enforcement actions against crypto firms. He said, “Handed to the same people who sued us, who put us out of business, who subpoenaed us.”

Charles Hoskinson questioned whether industry leaders should support legislation created by institutions responsible for legal actions against crypto entities. His statements imply distrust in the proposed framework and those backing it.

Brad Garlinghouse, in contrast, had previously expressed partial support for the draft bill under consideration by the Senate Banking Committee. He stated, “Is it perfect? No. Certainly not. But is it better than nothing? Absolutely.” Garlinghouse emphasized the need for progress and clarity, noting, “We shouldn’t give up now. We are so close.” His remarks focused on working constructively with lawmakers to refine the proposal.

Criticism of the Draft Bill Grows Among Industry Voices

Paul Barron also weighed in on the draft bill, calling the CLARITY Act a “dragnet” rather than regulatory guidance. In a post, Barron warned about warrantless searches and real-time transaction monitoring, citing the bill’s provisions.

He wrote, “Warrantless Search: ‘Real-time monitoring’ of every transaction bypasses the 4th Amendment.” Barron pointed to risks involving non-custodial wallets and said new measures could freeze assets based on “risk,” not legal charges.

He added that extending Bank Secrecy Act (BSA) laws to wallet users eliminates cash privacy in digital form. “Global doxxing” was another concern, referencing mandatory data sharing with foreign banks. Critics argue the bill may introduce overreach under the guise of transparency and public safety.

As debate continues, the bill’s contents remain under close industry scrutiny. Discussions are ongoing as stakeholders respond to growing legal and technical pressure. At the time of press, Polymarket data shows a 43% chance that the CLARITY Act will be signed into law in 2026. Over the past week, the probability fluctuated, dropping by 22% on January 19.

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