Lawyers of CT, explain this:
The CLARITY Act establishes a "mature blockchain system" framework for lighter regulation of truly decentralized networks.
I found sources saying that Bitcoin, Ethereum, and 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 that tokens initially sold as securities can transition to commodities if the underlying blockchain becomes decentralized.
CT has argued for years about 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 of threads answering this question.
Now, it's full of useless shitposts.
If passed, the CLARITY Act would be so bullish for crypto.
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