Cardano Founder Shares What To Expect For XRP If The Clarity ACT Is Passed

During a recent livestream, Hoskinson complained that the framework treats everything as a security first. This could then force projects to fight their way out of that label through a process he says the SEC could easily weaponize. In the same breath, he suggested XRP may be among the assets that get grandfathered into safer treatment under the bill’s structure

Interestingly, Hoskinson noted the Digital Asset Market CLARITY Act could end up sparing established tokens like XRP and maybe Cardano from being treated as securities, essentially rolling XRP into a grandfather status and placing it among the networks most likely to benefit from the bill’s structure.

However, the same bill would leave decentralized finance with no real protections or path forward. He said “there’s nothing in this for Defi; nothing,” then pointed to Uniswap and prediction markets as examples of what he believes the legislation ignores.

The comments in this livestream did not come out of nowhere. Hoskinson has been publicly negative on the CLARITY Act for the past few weeks, calling it a bill that looks like progress on paper but leaves loopholes for regulators to keep projects trapped under securities treatment.