Leister

By the time, if this goes the way they've gotten it written, it's the same as the stock market.

You know, well, there's certain hours of trading, and then if it starts to have too much volatility, there needs to be halting.

And if we have a suspicion because your last name is Akhmet that we need to block the transaction and take your money, that's essentially the kind of things I see in there.

It occurred to me that certain YouTubers are, they're fixated on the, well, SEC is going to be out of debt and it's going to be CFTC and it's going to be treated as commodities.

So we're not going to get sued.

And if you do that, I'm going to break that down.

But it feels like some of them are not reading between the lines of what this really says, at least from my interpretation of said, I am highly concerned with what it is.

so at the basic level the clarity act is intended to do one main thing which is to better categorize assets digital assets as well as to better identify which of the two agencies in the u.s have the the oversight cftc which traditionally deals with commodities the sec which traditionally deals with securities

the gray cloud has been what is a security.

And if you heard Gary Gensler, that's security, that's security.

He called everything a security other than Bitcoin.

He straight said this.

People have speculated years over the Howie test, which is decades old being used against cryptocurrency was an attempt to suppress cryptocurrencies rise.

It was an attempt to suppress popularity,

It didn't work for 2020 and 2021 when we had crazy rises.

However, the enforcement wasn't nearly as aggressive as it then later became, which then stymied some of the runs.

Then when Gensler's on the way out, we get more runs.

This tells us that the industry is kind of waiting in the wings and they're not sure what's really going to happen.

Exchanges that jump out of the United States,

allegedly do the lack of regulatory clarity maybe maybe not kraken i crypto.com i think they're a scam but the point is i'm using kraken as an example kraken has kind of gone feet first in all the way in and said bring it we want business we want and they've improved and they've enhanced they've done all sorts of good stuff i think to support this whereas