ADA founder: Crypto market structure bill could take over a decade to implement

Cardano (ADA) founder Charles Hoskinson has warned that the crypto market structure bill (CLARITY) could take more than 10 years to be implemented and may be exploited by shifting political powers in the process. He predicted that the bill would ultimately not survive a future administration. In an interview with CoinDesk, Hoskinson explained that even if the bill passes, it would take years to create the implementing rules, potentially delaying full enforcement for up to 15 years. He added that hostility toward crypto has grown in politics, particularly among Democrats, since the collapse of FTX. This has fostered a regulatory environment where new projects are treated as securities by default, which he noted is advantageous for existing tokens like ADA, XRP, and ETH but structurally disadvantages new projects.