#AirdropSafetyGuide btc Eth Free market? Only with SEC permission
Have you ever noticed that as soon as people find a way to earn without banks and taxes, 'legislators' suddenly emerge from somewhere?
And 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. Well, in such a way that only the right guys remain. For us.' Yes, friends, we are once again at the same show: when the rich make laws to get richer.
Who’s on stage?
Starring — French Hill, a Republican from Arkansas, a big fan of 'innovations', as long as 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 the 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 for you:
• 2023: the volume of the crypto market is about $1.6 trillion.
• In the USA alone, crypto investors (officially) own assets worth over $180 billion.
• 58% of millennials in the USA view 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 do understand: if you can make money without paying taxes right away — it works.
And now seriously (almost)
The bill requires projects to 'tell everything'. Token? Explain the economy. NFT? Explain why this JPEG even exists.
And if you say that the blockchain is decentralized — prove it.
So that means: 'Guys, we have a DAO' — no longer works. Now DAO must essentially be a DAO with legal documents and a lawyer in glasses.
But what does this mean in practice?
1. Green light for large players. 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.' That is, to be decentralized, you need to centrally obtain a certificate of decentralization. Genius.
Between the lines: the global game
While the USA is tidying 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 someone steals your 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.' There is also a Digital Asset Bill, but it's called something else and is focused on CFA — digital financial assets. Everything is strict.
