Cardano founder Charles Hoskinson has criticized the proposed CLARITY Act, warning it could classify most new crypto tokens as securities by default, expanding SEC oversight. Hoskinson expressed concerns that this could impose securities registration requirements on new token issuers, potentially hindering the launch of decentralized networks in the U.S. Established tokens like XRP and ADA might avoid this classification, but newer projects could face automatic designation unless they meet specific exemptions. Senate discussions on the CLARITY Act have stalled as banks and crypto firms remain divided over stablecoin reward mechanisms, missing a March 1 deadline set by the White House. The Senate Banking Committee is considering a new markup window in mid-to-late March, while the Office of the Comptroller of the Currency has proposed rulemaking related to digital asset activities. Meanwhile, Polymarket data shows a 74% probability of the CLARITY Act passing by 2026, reflecting ongoing legislative uncertainty.