Kill the clarity act. It’s good for Eth and other affinity scams.
Bitcoin is already recognized as a commodity because it has decentralized digital transactions and decentralized governance.

Alex Thorn
@intangiblecoins
01-14
elizabeth warren has filed 38 amendments to market structure bill
- remove developer protections
- more sanctions compliance obligations
- more illicit activity powers for govt
- more AML obligations for DeFi, front ends
- repeal positive OCC guidances for banks
- gut SEC’s
it does currently have some things that are great for bitcoin in it, though:
- blockchain regulatory clarity act (protect non-custodial software devs)
- clarify that money transmission requires having "control" of user funds (would help with samourai wallet)
- "keep your coins act" (protects right to self-custody)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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