the clarity act vote is in 1 hour and a lot of people have no idea what it actually is
in simple terms:
- creates a regulatory framework for crypto in the US (first of its kind)
- establishes rules for when a crypto asset is treated as a security vs a commodity
- gives exchanges + crypto companies an exact legal framework to operate under
tldr: instead of crypto regulation being decided case by case, the US finally gets an actual rulebook for crypto
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