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Leister

๐Ÿ‘ค Speaker
1620 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Critically speaking, I'm not going to go through all of the, all of these.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

I'm going to go through the most important, the most critical that I saw.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

So what must happen?

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Absolutely.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

DeFi activities being excluded.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

So when we say DeFi activities, what are we talking about?

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

This is basically excluding and safe havening node operators, validators,

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

you know, software providers that just make the thing run.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Like there's not something where it's a, a risk that it could take money from you.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

These are just facilitators of a blockchain.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

They're facilitators of transactions.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

They're facilitators of defy activities in order to make the thing run.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

These have to be there.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

They're excluded because one of the fears was,

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

that a node operator or a validator would be subject to scrutiny because in the Gensler era, it was considered that these it's a security, it's a security.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

And there was some enforcement action on mining operations at a point later got revoked.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

The point is, this is trying to lock down that these are excluded from this regulatory scrutiny that we're talking about.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

I have no problem with that specifically.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

What it says though is,