#CryptoClarityAct 🎩 : THE MAGIC OF "FACE-UP-SLEEVE"
Hello, lover of legislative illusions! The U.S. Congress has just launched the "Crypto Clarity Act" – an 800-page document promising "transparent regulation". Translation? The lobbyists from Coinbase and Binance have pounced like hyenas on definitions, while the SEC and CFTC are fighting shadows in files.
The result: Ether is "a commodity... maybe" 💼, stablecoins are getting a passport with a flag (but only if you change your name to "DollarPegFreedomCoin"), and DeFi is classified as "a pharmacy without a license". Clarity? It's like a kite in a hurricane.
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🔮 Hidden context:
- The "Crypto Clarity Act" is a fictional legislative project (inspired by the reality of FIT21 & Lummis-Gillibrand), but the tone remains true to the current chaos in the U.S.
- The SEC (managing securities) and CFTC (commodities) have been fighting over jurisdiction for years – see the Ripple case or Coinbase.
- The "passport" stablecoins allude to the Clarity for Payment Stablecoins Act, which would give the Fed control over issuers.
- The joke about DeFi reflects regulators' fear of decentralized protocols (see the battle with Uniswap).