Cardano sentiment sours after Hoskinson's CLARITY Act criticism and ADA price slide
On Sunday, Charles Hoskinson spent around 30 minutes on YouTube criticizing US crypto policy, the CLARITY Act, and industry figures backing it, including Ripple CEO Brad Garlinghouse. By Monday, Cardano's market sentiment had turned bearish, with ADA falling about 2% to roughly $0.35 and extending a week-long decline of 8%. The token came within $0.01 of $0.40 during a brief rally driven by strong social media optimism before the pullback.