Cardano Founder Has Meltdown On Ripple Over Crypto Market Structure Bill Issues

Cardano founder Charles Hoskinson went nuclear on Ripple CEO Brad Garlinghouse’s support for the controversial developments on the pending crypto market structure bill.

Charles Hoskinson, founder of Cardano (ADA) and Midnight (NIGHT), was livid about the latest developments in the crypto market structure bill. The CEO of Input Output (IO) went ballistic over Ripple CEO Brad Garlinghouse’s statement on the subject.

Handing the Keys of the Crypto Kingdom to the SEC

In a lengthy video Hoskinson uploaded on social media on Sunday, he criticized how the draft bill entrusted the keys to the crypto kingdom to the Securities and Exchange Commission (SEC). This way, the regulator has the power over the Commodities Futures Trading Commission (CFTC) to decide if a digital asset should be classified as a security.

The Cardano founder echoed the same concerns Coinbase CEO Brian Armstrong raised when his company withdrew support from the bipartisan legislation on Wednesday. Many people, including the White House, blamed his dissent as the cause of the bill’s current deadlock.

In Hoskinson’s words, all new crypto projects are securities by default unless the SEC decides they’re not. Then, the IO CEO barreled straight up to Garlinghouse’s pragmatic comment about the now-controversial bill.

Cardano Founder Criticizes Ripple CEO’s Pragmatic View on the Present Version of the Crypto Market Structure Bill

Garlinghouse notably remarked that while the bill itself is not perfect, it’s better than nothing. He called it a “massive step forward in providing workable frameworks for crypto, while continuing to protect consumers.” Additionally, he is confident that lawmakers will eventually address any flaws in the proposed law during the markup process.

While long-overdue, this move by @SenatorTimScott and @BankingGOP on market structure is a massive step forward in providing workable frameworks for crypto, while continuing to protect consumers. Ripple (and I) know firsthand that clarity beats chaos, and this bill’s success is… https://t.co/EWcml1NpBE
— Brad Garlinghouse (@bgarlinghouse) January 14, 2026

Hoskinson argued against completely trusting a proposed legislation that, of all people, crypto-critic Senator Elizabeth Warren strongly influenced. He asked Garlinghouse whether the current state of the bill was any better than the anti-crypto policies of “Scary Gary,” referring to former SEC Chair Gary Gensler.

Moreover, the IO CEO reminded the Ripple CEO how his company had been appeasing the present administration and Congress through hundreds of millions of dollars in donations, lobbying, and political contributions only to achieve such an outcome. He emphasized that Garlinghouse is now cozying up to the same people who sued many individuals and businesses operating in the crypto industry, including Ripple.

Hoskinson warned that if the bill steamrolls in its existing form, even its flaws would become the law of the land and would be challenging to undo. He likened it to the passage of the US Securities Act of 1933, which stands to this day amid the investing landscape’s significant evolution.

Despite the mixed sentiment over the ongoing debate on the pending draft of the crypto market structure bill, several members of the crypto community sided with Hoskinson and Armstrong. They pointed out that keeping it as is would only favor big banks and regulators and would be a considerable step back from crypto freedom, decentralized finance (DeFi), innovation, and user privacy.

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Giancarlo Perlas

Giancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines. In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013. Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc., the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO's core management team, contributing to strategic planning and business development endeavors.