#AirdropStepByStep #btc Eth Free market? Only with the SEC's permission.
Have you ever noticed that as soon as people find a way to earn without banks and taxes, “lawmakers” suddenly pop up 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, so that only the right guys are left. For us.” Yes, friends, we are again on the same show: when the rich make laws to get richer.
Who’s on stage?
In the lead role — French Hill, a Republican from Arkansas, a big fan of “innovation” if it brings 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 for you:
• Year 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 view crypto as a long-term investment.
• And here’s a surprise: almost 70% of respondents do not understand the difference between Bitcoin and Ether. But they do understand perfectly: if you can earn and not pay tax immediately — it works.
And now seriously (almost)
The bill requires projects to “disclose everything.” Token? Explain the economy. NFT? Explain why this JPEG exists at all.
And if you say that the blockchain is decentralized — prove it.
So, “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. A green light for big 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 it 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. Brilliant.
Between the lines: a global game
While the USA is tidying up its sandbox, the UK declares: “Hey, crypto is private property.” There, digital assets are equated to traditional property. Almost like a car or a vinyl collection. In other words, if your NFT is stolen — it’s not just a ban 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, just called something else and aimed at CFA — digital financial assets.