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virus币佬爷bensen
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#Virus
The “Clear Act” that was rejected—what exactly are they trying to do?
This bill’s full name is the “Clarity for Digital Assets Act.” Translated literally, it’s the “Digital Assets Clarity Act.” Just from the name, you can tell what it aims to solve: the biggest headache in the crypto world—unclear regulation.
How chaotic has the U.S. crypto market been over the past few years? The same token: the SEC says it’s a security, while the CFTC says it’s a commodity. The two agencies compete for territory, and no one gives a definitive answer. Without written legislation to set the boundaries, the entire industry lives under the shadow of “being fined at any time.”
And this bill would have been the first to categorize crypto assets: sufficiently decentralized assets like Bitcoin and Ethereum would be classified as digital commodities, under the CFTC; project tokens raised through financing would fall under the SEC; and stablecoins would have their own set of rules. It would also pave the way for exchanges like Coinbase to obtain a federal compliance license, so they wouldn’t have to fight the SEC in court every day.
More importantly, once the bill takes effect, massive pools of institutional capital—like pension funds and mutual funds—would have a compliant channel to enter the market and buy crypto. In plain terms, this is the “ticket for the official forces” that the crypto industry has been waiting for for years.
Trump’s “crypto business” became the bill’s death knell
So the question is: if it’s such a good bill, why was it killed? The opposition in Congress was very straightforward: Trump himself holds a large number of business interests related to cryptocurrencies, with income exceeding hundreds of millions of dollars.
And this bill didn’t include enough binding provisions to address conflicts of interest that would benefit Trump. Put simply: you’re a U.S. president, you have your own businesses in the crypto space, and you push a regulatory bill that favors you—how can anyone guarantee you’re not acting out of self-interest?
#Virus
The “Clear Act” that was rejected—what exactly are they trying to do?
This bill’s full name is the “Clarity for Digital Assets Act.” Translated literally, it’s the “Digital Assets Clarity Act.” Just from the name, you can tell what it aims to solve: the biggest headache in the crypto world—unclear regulation.
How chaotic has the U.S. crypto market been over the past few years? The same token: the SEC says it’s a security, while the CFTC says it’s a commodity. The two agencies compete for territory, and no one gives a definitive answer. Without written legislation to set the boundaries, the entire industry lives under the shadow of “being fined at any time.”
And this bill would have been the first to categorize crypto assets: sufficiently decentralized assets like Bitcoin and Ethereum would be classified as digital commodities, under the CFTC; project tokens raised through financing would fall under the SEC; and stablecoins would have their own set of rules. It would also pave the way for exchanges like Coinbase to obtain a federal compliance license, so they wouldn’t have to fight the SEC in court every day.
More importantly, once the bill takes effect, massive pools of institutional capital—like pension funds and mutual funds—would have a compliant channel to enter the market and buy crypto. In plain terms, this is the “ticket for the official forces” that the crypto industry has been waiting for for years.
Trump’s “crypto business” became the bill’s death knell
So the question is: if it’s such a good bill, why was it killed? The opposition in Congress was very straightforward: Trump himself holds a large number of business interests related to cryptocurrencies, with income exceeding hundreds of millions of dollars.
And this bill didn’t include enough binding provisions to address conflicts of interest that would benefit Trump. Put simply: you’re a U.S. president, you have your own businesses in the crypto space, and you push a regulatory bill that favors you—how can anyone guarantee you’re not acting out of self-interest?
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