U.S. Congress is officially more cypherpunk than most of you on here the new CLARITY Act is better than ever on respecting 'decentralization' (loosely speaking) & gets rid of the 'we didn't promise anything so now we're unregulated' loophole many of us were worried about it replaces the corporate style 'common control' test with 'coordinated control', which in theory will be a harder standard to meet (up to the SEC to ultimately define it, but the criteria it must consider are quite robust).. corpochains will struggle to meet this standard...this doesn't mean they're illegal but it will mean sales of the token by insiders etc. are much more regulated and more disclosure is required L2s will have to make sure their security councils are quite narrowly scoped