Cardano founder Charles Hoskinson has sparked fresh debate in the crypto community after saying he believes President Trump’s tech and crypto adviser, David Sacks, should resign if the long-awaited Digital Asset Market CLARITY Act bill does not pass in the first quarter of 2026. His comments highlight growing disappointment around the slow pace of US crypto legislation.
Charles Hoskinson Demands Accountability on CLARITY Act Progress
Crypto market expert JungleIncxrp has recently reacted to a discussion involving crypto influencer Wolf of All Streets and Cardano founder Charles Hoskinson in a post on X. In this discussion, Hoskinson has boldly stated that he doesn’t think the highly anticipated crypto CLARITY Act bill will pass in this quarter. Hoskinson also added that if the bill doesn’t pass, US President Czar David Sacks should resign.
According to Hoskinson, such a failure would mean Sacks “has failed the industry” as a whole, especially given the widespread expectation that the Trump administration’s pro-crypto stance would accelerate regulatory reform. Further, since it’s an election year in the United States, this is the last window for pro-crypto legislators to work on the bill. The Cardano founder also added that if the Democrats take over the House after the election, then there won’t be another opportunity until 2029.
Meanwhile, this isn’t the first time Hoskinson has spoken about the bill. Interestingly, the founder has consistently described the CLARITY Act as transformational for the digital asset space. Furthermore, throughout 2025, he argued that the CLARITY Act could bring an end to the era of regulatory uncertainty, attract global innovation back to the US, and give entrepreneurs the long-needed confidence to operate without fear of shifting agency interpretations.
CLARITY Act Progress Remains Slow Despite January Markup
David Sacks had previously announced in an X post in December 2025 that the Senate Banking Committee had confirmed plans to mark up the CLARITY Act in January 2026, which is an important first step.
However, a markup doesn’t guarantee final passage, as the bill must still move through both chambers of Congress, withstand amendments, and secure approval before being signed into law.
This slow progress has left many wondering whether the bill can realistically meet a Q1 deadline. Meanwhile, it’s worth noting that the bill had gained early bipartisan support in late 2024 but eventually saw significant delays in the Senate. Charles Hoskinson blamed the delay on the launch of Trump-related coins in early 2025, which he believed politicized the issue and led to the bill losing crucial support.
Crypto Community Watches Closely as Q1 Deadline Approaches
Meanwhile, the crypto market expert in the X post highlighted that Hoskinson also blames the launch of the Trump memecoin for the current setback in the crypto market and the dip in the ADA price.
Interestingly, Hoskinson reiterated in the discussion that top assets in the market have experienced a 40-50% dip in value since Donald Trump became president of the United States, and he has lost $2.5 billion over the last four years. According to CoinMarketCap, ADA trades around $0.383, an 87.6% dip from its all-time high of $3.
Thus, passage of the CLARITY Act bill is crucial, as it would open the door to institutional capital and, in turn, supercharge the crypto market. Interestingly, Hoskinson had predicted that the influx of this capital would push Bitcoin to $250,000 by mid-2026, and this would no doubt spill over onto ADA.
Meanwhile, members of the crypto community on X reacted with mixed feelings to Hoskinson’s remarks on the CLARITY bill, with some wondering whether the founder is right or is ignoring the progress that has already been made.
Temitope Olajide
