#AirdropStepByStep ton not 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 now: the Digital Asset Bill is a shining example of how politicians with good connections and even better portfolios decided, “Let’s regulate this crypto madness. Just enough to leave only the necessary guys. For us.” Yes, friends, we are back 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” 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 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 — 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 a long-term investment.
• And here’s a surprise: almost 70% of respondents do not understand the difference between bitcoin and ether. But they 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.
So, that means: “Guys, we have a DAO” — no longer works. Now a DAO must essentially be a DAO with legal documents 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 a chance 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, one must 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 to traditional property. Almost like a car or a vinyl collection. In other words, if you steal an NFT — you won’t just be banned on OpenSea, you can be sued.
And in Russia… well, you know: “you can't pay with bitcoin, but you can own it, but it's better not to do it too much.” There’s also a Digital Asset Bill, just called differently and aimed at CFA — digital financial assets. Everything is strict.
