Coinbase Analysts Join Cardano Founder in Criticizing Regulatory Bill Favoring Large Institutions

In a significant industry debate, Cardano founder Charles Hoskinson has publicly challenged Ripple CEO Brad Garlinghouse's support for the draft CLARITY Act, arguing that the proposed legislation favors large financial institutions over genuine cryptocurrency innovation. The controversy centers on whether regulatory clarity should come at the cost of restrictive frameworks that could stifle the broader crypto ecosystem's growth. Notably, analysts from major exchange Coinbase have echoed these concerns, suggesting the bill may create unintended barriers to technological advancement and market accessibility. As the cryptocurrency sector continues to mature toward 2026, this regulatory discussion highlights the ongoing tension between institutional adoption and preserving the decentralized, innovative spirit that has driven blockchain development since its inception. The outcome of such legislative debates could significantly influence which projects thrive in the coming years and how traditional finance integrates with digital assets.

Charles Hoskinson Challenges Ripple’s Regulatory Approach in Crypto Debate

Cardano founder Charles Hoskinson has publicly criticized Ripple CEO Brad Garlinghouse for supporting the draft CLARITY Act, arguing the legislation disproportionately benefits large financial institutions at the expense of crypto innovation. The bill, intended to clarify digital asset classification, may instead impose restrictive frameworks that hinder industry growth.

Coinbase analysts echo concerns, suggesting the CLARITY Act could harm consumers. Meanwhile, collaboration between cardano and Solana founders highlights a growing focus on cross-chain privacy solutions—a sharp contrast to the regulatory battleground.

World’s Largest Banks Acknowledge Crypto's Threat to Traditional Banking

Coinbase CEO Brian Armstrong revealed that a top executive from one of the world's ten largest banks identified cryptocurrency as their "number one priority" and an "existential" threat to traditional banking. The disclosure followed Armstrong's attendance at the World Economic Forum in Davos, where tokenization and stablecoins dominated financial discussions.

Regulatory momentum is building in the U.S., with the TRUMP administration advancing crypto-focused legislation like the CLARITY Act. Meanwhile, Congress debates whether stablecoins should be permitted to pay yield—a move opposed by banks seeking to protect conventional deposit systems.

The rise of AI agents using stablecoins for payments could further disrupt traditional banking by bypassing legacy systems. Financial institutions now face a pivotal choice: adapt or risk obsolescence as digital assets redefine global finance.