It seems that earlier this month, the U.S. House of Representatives released a very friendly draft of the "Digital Asset Market Structure Act" for @Polkadot! 👀
This act not only transfers the regulatory authority of the secondary market for most crypto assets from the SEC to the CFTC! Compared to the previous FIT21 proposal, it brings two significant "upgrades":
✅ Reduces the "affiliate" holding threshold from 5% to 1%, curbing whale monopolies!
✅ Removes the fixed ceiling on the degree of decentralization (e.g., a 20% holding), allowing projects to "self-declare" their level of decentralization!
And did you know? @Polkadot was officially announced by @Web3foundation back in November 2022: DOT is software! This is a classic example of "self-declaration" 🕶️
Not to mention: @Polkadot's Nakamoto Coefficient is as high as 174 — ranking among the best in the industry. This is a loud and clear demonstration of "decentralization"!
In summary: The more decentralized the future, the more it meets regulatory requirements.
This act sends a strong signal: the U.S. may finally be ready to shift from the SEC-led "strict regulatory approach" to a CFTC-led framework that encourages true decentralization.
And for @Polkadot — this may be the regulatory clarity moment we have been waiting for. 🥰
