Lawyers of CT, explain this:
CLARITY act establishes a "mature blockchain system" framework for lighter regulation of truly decentralized networks.
I found sources saying that Bitcoin, Ethereum, Litecoin pass the criteria while Solana, Cardano, and BNB Chain do not due to foundational control.
How do regulators actually evaluate it?
Another cool clause is tokens initially sold as securities can transition to commodities if the underlying blockchain becomes decentralized.
CT argues for years what is "Decentralized" yet how will The Suits decide?
P.s. I can't believe I have to post this. CT from two years ago would be full with threads answering this question.
Now, it's full of useless shitposts.
If passed, CLARITY act would be so bullish for crypto.
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