Love hearing commentary from people like @RebeccaRettig1 working directly on the source material Some terms in the latest Clarity Act draft: 🔹 Digital commodity-related person: promoter, senior employee, advisor, consultant, holding or right to acquire 1% or more of the digital commodity 🔹 Digital commodity-affiliated person: holding or right to acquire 5% or more of total outstanding units of a digital commodity, or founder / officer / general partner / senior employees 🔹End-user distribution: airdrops, staking 🔹Mature blockchain system: Has to be an impartial system with programmatic, open-source code, along with some other conditions related to network control 🔹DeFi trading protocol: blockchain applications for self-directed financial transactions without intermediaries or asset custody. 🔹DeFi messaging systems: software for users to send instructions to DeFi trading protocols, without third-party control over funds or transactions (e.g., wallets, frontends) 🔹Digital commodity brokers 🔹Digital commodity dealers 🔹Digital commodity brokerage
The Chopping Block
The Chopping Block25.7. klo 00.05
Crypto is getting CLARITY! + new legal categories, exemptions, and one bureaucratic nightmare. Still bullish tho! Shoutout @RebeccaRettig1 for the legal alpha! Timestamps 00:00 Intro 01:06 The GENIUS Act 04:38 Tech Companies & Stablecoins 08:38 Predictions for the Future of Stablecoins 26:25 The CLARITY Act Breakdown 32:27 Important Definitions 34:38 New Exemptions for Token Sales 41:12 Mature Blockchain Certification Process 45:27 DeFi Activity Exemptions & Regulations 48:03 New Categories for Spot Crypto Registrants 55:52 Solana's Block Assembly Marketplace (BAM) 🔥Stay updated with all the latest hot takes by following and subscribing to @_ChoppingBlock and @unchained_pod! 🎥 YouTube: 🎧 Spotify: 🍎 Apple: 🎙 Podcast Home:
328