Cardano Slips 1% as Hoskinson Doubts US Crypto Clarity Act, Calls for David Sacks’ Resignation

The Cardano price has dropped 1% in the last 24 hours to trade at $0.3939 as Cardano founder Charles Hoskinson said he doubts the US Digital Asset Market Clarity Act will pass this quarter and called on President Donald Trump’s crypto adviser, David Sacks, to resign.

Hoskinson criticized the US approach to regulating crypto in an interview on Sunday with Bitcoin enthusiast Scott Melker on The Wolf of All Streets Podcast.

“I don’t think the CLARITY Act is going to pass this quarter,” Hoskinson said, warning that if Democrats regain control of the US House of Representatives in November’s midterm elections, the current window to pass the bill could be lost.

“If it doesn’t pass this quarter, I think Sacks should resign,” he added, blaming Sacks for “utterly failing” the crypto industry since taking on the role of Trump’s crypto czar in late 2024.

Senate committees to vote on the CLARITY Act on Thursday

Introduced in May 2025, the CLARITY Act cleared both the House Financial Services Committee and the House Agriculture Committee with bipartisan support.

It seeks to clarify the roles of the Securities and Exchange Commission and the Commodities Futures Trading Commission in regulating cryptocurrencies, and to provide guidance on different types of tokens.

The Senate Agriculture and Banking Committees are expected to vote on the bill on Thursday, in a potential milestone for the US crypto industry.

In expressing doubts over the bill’s passage, Hoskinson said Sacks had “failed” the industry in three areas, including falling prices, lack of regulatory clarity, and the absence.

Cardano Price Analysis: Bullish Pennant Points to Possible Breakout

Cardano price is trading at $0.3926 on the 4-hour chart after a strong recovery from its recent lows. Earlier in the month, ADA bounced from the $0.33–$0.34 support zone and rallied toward $0.42, showing clear buying strength.

Since then, the price has moved into a short consolidation phase, forming a bullish pennant pattern. A bullish pennant usually appears after a sharp upward move and signals that the market is pausing before continuing higher.

In ADA’s case, the price is making lower highs and higher lows inside a narrowing range. This shows that sellers are losing strength while buyers are slowly building pressure. As long as ADA stays above the $0.38 support, the bullish structure remains valid.

If the price breaks above the top of the pennant with strong volume, ADA could move toward the $0.43–$0.45 resistance zone. This area matches the projected target shown on the chart and could attract profit-taking.

On the downside, a clear drop below $0.38 would weaken the bullish outlook. In that case, ADA may fall back to $0.36 or even $0.34, where buyers previously stepped in.

The RSI (Relative Strength Index) is currently around 49, which is neutral. This means the market is not overbought or oversold. There is still room for the price to move higher if buying pressure increases. A move above the 50–55 RSI range would support a bullish breakout, while a drop below 40 could signal weakness.