Overview
- Cardano founder Charles Hoskinson criticized Ripple CEO Brad Garlinghouse for backing what he called an imperfect market‑structure draft.
- Garlinghouse praised the Senate Banking Committee's "workable frameworks" and said "clarity beats chaos," urging fixes through the markup process.
- Coinbase withdrew support hours before a planned vote, prompting an indefinite postponement of the Senate markup, according to Benzinga.
- Critics argue the latest draft privileges banks and could constrain DeFi, while others favor near‑term clarity to reduce uncertainty.
- Hoskinson also urged White House crypto adviser David Sacks to resign if the bill misses a first‑quarter passage, blaming political ventures tied to Trump for setbacks.