#Kroha_9000
Yesterday I promised you a text on CLARITY. Here is my take: the topic is greatly overhyped. Why?
Basically, it’s a bill regulating the crypto market so that investment funds and other big players can trade coins legally and transparently. But there’s one thing. We already have Bitcoin, Ethereum, Solana, etc. And all of it is already being traded by major players—BlackRock, for instance, has long entered Bitcoin via an ETF.
To put it simply: if someone wants to trade, they already can. And if they don’t need it, then the new law won’t make them. I strongly doubted that passing CLARITY would bring any truly incredible new liquidity to the market.
That it wasn’t passed on Tuesday doesn’t need to be said, but the noise about it is constant. There won’t be a miracle. Working!
Yesterday I promised you a text on CLARITY. Here is my take: the topic is greatly overhyped. Why?
Basically, it’s a bill regulating the crypto market so that investment funds and other big players can trade coins legally and transparently. But there’s one thing. We already have Bitcoin, Ethereum, Solana, etc. And all of it is already being traded by major players—BlackRock, for instance, has long entered Bitcoin via an ETF.
To put it simply: if someone wants to trade, they already can. And if they don’t need it, then the new law won’t make them. I strongly doubted that passing CLARITY would bring any truly incredible new liquidity to the market.
That it wasn’t passed on Tuesday doesn’t need to be said, but the noise about it is constant. There won’t be a miracle. Working!
