#AirdropStepByStep sol paws Free market? Only with permission from the SEC
Have you ever noticed that as soon as people find a way to earn without banks and taxes, 'legislators' suddenly pop up?
And here we are now: The Digital Asset Bill is a brilliant example of how politicians with good connections and even better portfolios decided, 'Let's regulate all this crypto madness. You know, so that only the right guys are left. Us.' Yes, friends, we are once again on the same show: when the rich make laws to get even richer.
Who's on stage?
In the lead role is French Hill, a Republican from Arkansas, a big fan of 'innovation' if it brings money into the right pockets. Together with other 'architects of financial integrity,' he proposed a bill that divides powers between the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission). They will supposedly figure out which token is a security and which one is just 'another attempt to become Elon Musk with a Telegram bot.'
Here’s a bit of digital poetry for you:
• 2023: the volume of the crypto market is about $1.6 trillion.
• Only in the USA, crypto investors (officially) own assets worth over $180 billion.
• 58% of millennials in the USA consider crypto a long-term investment.
• And here’s a surprise: almost 70% of respondents do not understand the difference between Bitcoin and Ethereum. But they do understand perfectly: if you can earn and not pay taxes right away — it works.
And now seriously (almost)
The bill requires projects to 'disclose everything.' Token? Explain the economics. NFT? Explain why this JPEG even exists.
And if you say that blockchain is decentralized — prove it.
Well, that means: 'Guys, we have a DAO' — no longer cuts it. Now a DAO must essentially be a DAO with legal certifications and a lawyer in glasses.
But what does that mean in practice?
1. Big players get the green light. Coinbase, Kraken, BlackRock — smile. Startups with 5 developers on Discord — cry.
2. Regulatory trap. The SEC has long wanted to label almost everything as a security. And now there will be an opportunity to do so on semi-legal grounds.
3. Centralization of decentralization. The law promises that 'blockchains will be able to prove their decentralization.' In other words, to be decentralized, one needs to centrally obtain a certificate of decentralization. Brilliant.
Between the lines: a global game
While the USA is tidying up its sandbox, the UK states: 'Hey, crypto is personal property.' There, digital assets are equated with traditional property. Almost like a car or a vinyl collection. In other words, if your NFT is stolen — you’re not just banned on OpenSea, you can be sued.
And in Russia... well, you know: 'you can't pay with Bitcoin, but you can own it, just not too much.' There’s also a Digital Asset Bill there, only it’s called differently and aimed at CFA — digital financial assets. It’s all very strict.
