Hoskinson’s comment follows the broader thinking among many crypto participants. Many crypto participants and commentators would agree that the industry has not yet reached its peak ppotential andthat higher valuations are still within reach as adoption deepens and infrastructure matures.
However, according to Hoskinson, the CLARITY Act will effectively treat every crypto asset as a security by default and create bureaucratic attack vectors that could allow the SEC to dismantle future American crypto projects. He also flagged the bill’s failure to protect DeFi protocols, prediction markets, and stablecoins, including a provision banning yield on stablecoin balances.
ADA Under Pressure, But DeFi Growth Is Positive
