#AirdropSafetyGuide sol ton Free market? Only with SEC permission
Have you ever noticed that as soon as people find a way to earn without banks and taxes, 'lawmakers' suddenly emerge from somewhere?
And here we are now: the Digital Asset Bill — a shining example of how politicians with good connections and even better portfolios decided: 'Let's regulate all this crypto madness. Well, so that only the necessary guys remain. Us.' Yes, friends, we are back to the same show: when the rich make laws to get richer.
Who's on stage?
In the main role — French Hill, a Republican from Arkansas, a big fan of 'innovations' if they bring money to 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 CFTC (Commodity Futures Trading Commission). They will supposedly figure out which token is a security and which is just 'another attempt to become Elon Musk with a Telegram bot.'
Here's a bit of digital poetry:
• 2023: the volume of the crypto market is about $1.6 trillion.
• Only in the USA, crypto investors (officially) own assets worth more than $180 billion.
• 58% of millennials in the USA consider crypto as a long-term investment.
• And here's the surprise: almost 70% of respondents do not understand the difference between Bitcoin and Ethereum. But they understand perfectly: if you can make money and not pay taxes right away — it works.
And now seriously (almost)
The bill requires projects to 'tell everything.' Token? Explain the economics. NFT? Explain why this JPEG even exists.
And if you say that blockchain is decentralized — prove it.
So that means: 'Guys, we have a DAO' — no longer works. Now a DAO must essentially be a DAO with legal certificates and a lawyer in glasses.
But what does this mean in practice?
1. Big players — green light. Coinbase, Kraken, BlackRock — are smiling. Startups with 5 developers on Discord — are crying.
2. Regulatory trap. The SEC has long wanted to call almost everything a security. And now there will be an opportunity to do this 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, you need to centrally obtain a certificate of decentralization. Brilliant.
Between the lines: a global game
While the USA tidies up its sandbox, the UK declares: 'Hey, crypto is personal property.' There, digital assets are equated to traditional property. Almost like a car or a vinyl collection. In other words, if you steal an NFT — you're not just banned from OpenSea, you can be sued.
And in Russia... well, you know: 'You can't pay with Bitcoin, but you can own it, but better not too much.' They also have a Digital Asset Bill, but it's called something else and aimed at CFA — digital financial assets.
