Overview
- Charles Hoskinson said the CLARITY Act is unlikely to pass this quarter and urged crypto czar David Sacks to resign if it stalls.
- Senate Agriculture and Banking Committees are set to vote Thursday on the bill, which has advanced through House committees and defines SEC and CFTC roles.
- He called the Official TRUMP memecoin launch catastrophic, arguing it turned crypto into a partisan issue and undercut bipartisan momentum.
- He criticized the GENIUS Act on stablecoins, claiming it favors major financial firms and would centralize the industry around Wall Street.
- He said he lost over $2.5 billion in four years and pointed to 40–50% declines across most cryptocurrencies since 2025, with institutional flows concentrating in Bitcoin rather than altcoins.