Visual Aids for GENIUS & CLARITY Acts
Unlike OBBB at 800+ pages, GENIUS & CLARITY can be boiled down to two slides, or a deck of monopoly cards.
Heyo,
It’s another crypto-centric piece. It’s been quite the week okay?
Building on yesterday’s piece, and because I expect CLARITY & GENIUS to be signed into law today, here are some visual aids to help you understand what just happened.
Enjoy.
Allen
Previous Pieces
GENIUS ACT
Or, how 50 states+friends are now responsible to driving the demand of US Dollar.
Here’s the slightly cheeky version
I imagine a lot of auditors are going to be lost. Audit firms can hire me to help them figure out “it all”.
CLARITY ACT
Understanding whether you play by CFTC rules, or SEC rules, is key which will also determine the pathway for listing on exchanges and other financial markets in the United States.
DEFINITION OF SUFFICIENTLY DECENTRALIZED
We now have a regulatory milestone on what “decentralization” finally means. If you wonder what current real world examples of sufficiently decentralized are, it’s Bitcoin and ETH Post-Merge.
This photo is purely to make the social reels look better.
