Cardano Founder Calls for Action Against DeFi Bill

[nihalsari]

Concluding his livestream, Hoskinson urged the crypto community to take action. He encouraged listeners to contact their senators and express opposition to the proposed legislation.

“Don’t allow a small cabal of Democrat senators destroy the entire process. Let your voices be heard,” he said, emphasizing that the bill could have major consequences ahead of the 2026 elections.

Hoskinson’s comments add to growing industry pushback against proposals that some crypto leaders view as centralizing power and undermining innovation in decentralized finance.

[Nahid10]

Hoskinson is right to push back — this bill could stifle innovation before fair regulations even take shape.

[EmTeam]

Regulation is needed, but targeting DeFi builders this early could harm the entire blockchain ecosystem’s progress.