Connect with us
DAPA Banner

Crypto World

Charles Hoskinson Slams CLARITY Act as ‘Horrific’ Bill

Published

on

Charles Hoskinson Slams CLARITY Act as ‘Horrific’ Bill


Charles Hoskinson says the CLARITY Act will create a “security by default” trap for new cryptocurrency projects.

Cardano founder Charles Hoskinson has launched a blistering attack on the CLARITY Act, the flagship U.S. crypto market structure bill, labeling it a “horrific trash bill” that would classify nearly all digital assets as securities by default and hand a “weaponized” Securities and Exchange Commission (SEC) the power to stifle the industry for years.

His comments deepen a growing split among crypto leaders as lawmakers push to finalize the rules before the midterm cycle intensifies.

Advertisement

Dismantling the Bill’s Mechanics

In a March 3 YouTube broadcast, Hoskinson moved beyond political rhetoric to present a detailed, technical critique of H.R. 3633, the Digital Asset Market Clarity Act of 2025.

He argued that the bill, as drafted, creates a regulatory Catch-22 that would be “a wet dream” for an adversarial SEC. The core of his argument rests on the bill’s “security by default” framework for newly created digital assets.

He asserted that under this structure, every new project, from XRP and Ethereum at their launches to any future protocol, would be classified as an “investment contract asset” and fall under SEC jurisdiction.

The path to graduating to a “digital commodity” regulated by the CFTC, the developer warned, is a bureaucratic minefield. He outlined several “attack vectors” where the SEC could exploit rulemaking authority to indefinitely trap projects in security status, including impossible-to-prove standards for decentralization and subjective “value attribution” tests.

Advertisement

“This is not a good bill,” Hoskinson said. “Through rulemaking, it can become horrific and weaponized and it doesn’t cover the core of what’s going on in the industry right now.”

He stressed that while established projects like Cardano and XRP might be “grandfathered in,” the legislation would force all future American crypto innovation to launch overseas, effectively killing the domestic industry.

You may also like:

An Industry and Washington at an Impasse

While the CLARITY Act passed the House in 2025, it has stalled in the Senate. The White House had issued a March 1 deadline for stakeholders to bridge their differences, but the date passed with no public compromise reported.

The primary holdup, as Hoskinson noted, is not the structural issues he raised, but a fierce lobbying battle over stablecoin rewards, which the banking industry warned could trigger a massive exodus of deposits.

The divide has splintered the crypto industry, with Ripple CEO Brad Garlinghouse, who has predicted a 90% chance of the bill becoming law by April, continuing to champion it, arguing that “clarity beats chaos” and that the industry cannot let “perfection be the enemy of progress.”

Advertisement

Ripple CTO David Schwartz also weighed in on the debate on X, acknowledging the tightrope walk, stating that while his company tries not to advocate to the detriment of others, “a sub-optimal bill is better than no bill at all.”

However, the Cardano founder countered that view, claiming that a bad bill would enshrine into law every single thing former SEC Chair Gary Gensler was “trying to do to the industry.”

SPECIAL OFFER (Exclusive)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Bitcoin Price Prediction: War De-escalates, But Still Underperforming

Published

on

The broader crypto market has underperformed significantly this week despite a bullish Bitcoin price prediction. However,..

Bitcoin is experiencing a sharp sell-off, even as the U.S.-Iran war de-escalates, trading at the $71,000 level, and still is 4% lower than a week ago. The broader crypto market has underperformed significantly this week despite a bullish Bitcoin price prediction.

This retreat places BTC below its critical 20-day EMA of $70,515, signaling renewed bearish momentum in the short term. Amid the volatility, macro factors are heavily influencing price discovery, pushing the Fear & Greed Index down to a reading of 11, or extreme fear.

The broader crypto market has underperformed significantly this week despite a bullish Bitcoin price prediction. However,..
Fear and Greed Index, Alternative

While the immediate outlook appears grim, a major catalyst looms: the SEC decision on 91 crypto ETF applications due by March 27. Market participants are bracing for extreme volatility; an approval could trigger a swift rebound, while rejection may force a deeper capitulation.

Can Bitcoin Price Reclaim $73,000 Before the Weekly Close? Here’s Our Prediction.

Bitcoin’s failure to hold the $69,000–$71,000 consolidation zone has exposed lower support levels. Currently, BTC is struggling against resistance at $71,500, blocked by the falling 20-day and 50-day EMAs.

Advertisement

The MACD histogram remains positive but is trading below the signal line, indicating that while selling pressure has eased slightly, bullish momentum is nonexistent. A critical defense line sits at $65,500; losing this level could validate a prolonged correction. Conversely, a successful breakout above immediate upper resistance at $73,600 could invalidate the bearish thesis.

The broader crypto market has underperformed significantly this week despite a bullish Bitcoin price prediction. However,..
BTC USD, TradingView

For now, we should watch the $73,600 level closely; a clean break here is required to shift the 14-day RSI from its neutral 50.20 stance into bullish territory. This cycle, Bitcoin price prediction focuses more on sentiment than chart structures.

Discover: The best pre-launch token sales

LiquidChain Targets Early Mover Upside as Bitcoin Consolidates

While Bitcoin struggles to maintain the $67,000 floor, capital is beginning to rotate into infrastructure plays that solve the market’s fragmentation issues. The current bearish sentiment provides a pivotal moment for “pick-and-shovel” assets, or projects that gain utility regardless of whether the market trends up or down. As BTC dominates headlines, smart money often hunts for asymmetric returns in presale markets.

Advertisement

Enter LiquidChain ($LIQUID), a Layer 3 (L3) infrastructure project designed to fuse Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The project has raised more than $600K in its ongoing presale, with tokens priced at $0.0143 at a very early stage.

LiquidChain’s “Deploy-Once Architecture” allows developers to write code once and access users across three major chains, eliminating the friction of bridging while giving more than 1700% APY on staking rewards.

It acts as “The Cross-Chain Liquidity Layer,” offering sub-second unified settlement. However, early-stage infrastructure carries development risk; the roadmap must be executed flawlessly to compete with established L2s. Investors looking for a hedge against BTC stagnation can research the presale below.

Visit LiquidChain Presale

Advertisement

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The post Bitcoin Price Prediction: War De-escalates, But Still Underperforming appeared first on Cryptonews.

Source link

Advertisement
Continue Reading

Crypto World

Alibaba (BABA) Stock Climbs Nearly 3% on Launch of XuanTie C950 Processor

Published

on

BABA Stock Card

Key Highlights

  • Alibaba introduced the XuanTie C950, a cutting-edge 5nm RISC-V processor developed by its DAMO Academy division
  • The processor operates at 3.2 GHz with performance exceeding its predecessor, the XuanTie C920, by over 300%
  • Target applications include cloud infrastructure, AI inference operations, and agentic AI systems
  • The company plans a separate public listing for T-Head, its semiconductor division
  • BABA shares gained 2.98%, finishing at $126.06 on March 23

Alibaba’s semiconductor ambitions took center stage this week. During an internal DAMO Academy conference held Tuesday, the tech giant revealed its XuanTie C950 processor, claiming it represents “the highest performing RISC-V CPU in the world.”

The processor features 5-nanometer manufacturing technology and operates at 3.2 GHz, utilizing the open-source RISC-V architecture. This open framework enables chip developers to adapt instruction sets for specialized AI applications without incurring licensing costs — a strategic benefit for organizations deploying AI agents across large-scale operations.


BABA Stock Card
Alibaba Group Holding Limited, BABA

Performance metrics show the C950 delivering over three times the speed of the earlier XuanTie C920 model. The company has not disclosed which manufacturing partner produced the silicon.

According to Alibaba’s announcement, the processor targets cloud computing environments and AI inference tasks. End users will have the flexibility to configure the chip for specialized inference requirements.

Advertisement

Building a Complete AI Ecosystem

CEO Eddie Wu articulated his strategy last year: positioning Alibaba as an end-to-end AI technology company spanning both hardware and software layers. That vision is now materializing.

During last week’s quarterly earnings discussion, Wu confirmed that Alibaba’s custom AI accelerators have transitioned into volume production. The T-Head semiconductor division is now competing directly with Nvidia and Huawei in China’s domestic marketplace.

T-Head has already onboarded significant enterprise clients, and Alibaba continues advancing preparations for the unit’s independent stock market debut. That initiative remains in progress.

The company maintains two distinct chip product families. The Zhenwu 810E lineup focuses on AI model training and inference capabilities. Meanwhile, the XuanTie portfolio, now including the C950, targets high-performance cloud environments and agentic AI deployments.

Advertisement

RISC-V Emerges as Strategic Architecture

RISC-V has gained substantial traction among Chinese technology firms as geopolitical friction restricts access to Western semiconductor intellectual property. Alibaba ranks among the architecture’s earliest and most committed advocates domestically.

The standard directly challenges offerings from Arm Holdings and Intel. When Arm encountered limitations conducting business with Huawei following US export restrictions, RISC-V partially addressed that market void.

The C950 debut caps an active period for Alibaba’s artificial intelligence product portfolio. Last week witnessed the introduction of Wukong, an enterprise-grade platform engineered for AI agent orchestration.

Monday brought the global launch of Accio Work, the international edition of that platform. Targeting small and mid-market enterprises, it promises autonomous execution of sophisticated operational workflows.

Advertisement

Earlier this month, Alibaba consolidated certain AI development teams into a newly formed division called Alibaba Token Hub, concentrating on enterprise-focused AI workplace solutions.

The competitive landscape: Token pricing for Chinese AI models has plummeted amid intense domestic rivalry, compelling firms like Alibaba to pursue margin protection and competitive differentiation through hardware and infrastructure innovation.

BABA finished trading at $126.06 on March 23, advancing $3.65 or 2.98% for the session. Pre-market activity on March 24 showed shares retreating to $124.94, declining 0.90%.

Advertisement

Source link

Continue Reading

Crypto World

Nasdaq and Talos Aim to Tackle Tokenization Collateral Bottleneck

Published

on

Nasdaq and Talos Aim to Tackle Tokenization Collateral Bottleneck

Nasdaq will integrate its Calypso risk and collateral platform and trade surveillance system with digital asset infrastructure firm Talos’s institutional trading tools.

The integration announced Monday aims to offer institutional clients a “unified” workflow for managing tokenized collateral and monitoring crypto and traditional assets for market abuse. It aims to ease a bottleneck in institutional tokenization, with Nasdaq citing internal research that roughly $35 billion in collateral sits tied up in “corrective and non-interest-bearing measures.”​

Nasdaq’s integration of its trade surveillance tools means that Talos clients will be able to run alerts for opaque tactics such as wash trading, spoofing and layering across the venues they access. 

The companies said the partnership is intended to bring “institutional-grade” compliance standards to digital asset markets.

Advertisement