The Digital Asset Market CLARITY Act, a major effort to streamify the country's cryptocurrency rules, has stalled in the Senate and is being criticized by major parts of the crypto industry. The bill aims to clearly divide oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which determines which digital assets count as "securities" and which are "commodities". Charles Hoskinson, founder of Cardano and Midnight, argues that the current structure treats all new crypto projects as securities by default, which could disadvantage smaller startups while benefit established networks like Cardano, XRP, and Ethereum. Hoskinson also warns that this could lead to 15 years of rulemaking and slow-rolling, potentially being used as a political tool by either party in power.