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Cardano (ADA) founder Charles Hoskinson has urged the crypto industry to move past the stalled Clarity Act and focus on adoption, as a separate Cardano-based RealFi project targets an October mainnet launch that could give ADA another catalyst.
In a September 15 recording, Hoskinson addressed the collapse of the US crypto market structure bill, arguing that the industry should stop treating legislation as the answer to every problem. He said the failure of the Clarity Act marked the end of market structure legislation efforts in the Senate for 2026.
Hoskinson also included Cardano among the crypto assets he considers commodities, alongside Bitcoin and XRP.
“For the things that aren’t that are truly commodities like Bitcoin, like Cardano, like XRP,” he said while discussing how crypto legislation could be divided into separate categories.
Notably, rather than waiting for a broad regulatory framework, Hoskinson called for a step-by-step approach and encouraged the industry to continue building and bringing users into crypto.
 
“Move on. Close the chapter. Close the page. Get back to work. Get people to adopt crypto,” he said.
His comments come as Cardano prepares for another potential infrastructure development. RealFi is targeting October 1 for a Cardano mainnet launch, although the date remains subject to regulatory, operational and commercial requirements.
The project disclosed in August that its investment team had started purchasing reserve assets and that its stablecoin mint had entered the seven-figure range. The team had previously moved about $100,000 through venues and wallets as part of what John O’Connor described as the project’s “hardening phase.”
Meanwhile, the planned RealFi product is designed around a reserve-backed dollar instrument. Its unstaked version is expected to use liquid assets such as tokenized money-market funds and liquid AAA-collateralized loan obligation ETFs, while the staked version can include private credit and carries a seven-day cooldown period.
Moreover, RealFi’s progress could matter for Cardano’s stablecoin market, which stood at about $68 million at press time, per Defi Llama data from September 6. Native stablecoins accounted for roughly $22 million, while bridged assets represented approximately $43 million.
That said, ADA price has come under renewed selling pressure following Monday’s Senate rejection of the Clarity Act.
The decline has erased much of the token’s recent gains, along with those across the broader crypto market, after ADA had advanced around 10% over the previous seven days.
However, the RealFi launch remains a target rather than a certainty, with the project still working through its reserve structure, operational requirements, and stress-testing process.
If the October launch proceeds as planned, the amount of stablecoins minted and their adoption on Cardano could more clearly indicate whether RealFi is translating into meaningful network activity, potentially boosting ADA price.
At press time, ADA was trading at $0.2488, up 3.67% in the past 24 hours.