In the US, cryptocurrency regulation panorama experiences moments of intense activity with the proposals of the genius law and the Clary law. The first was signed by Donald Trump on July 18th, marking a historic milestone in US cryptocurrency. The second clarity allows for an imminent signing.
the latter, Clear action in the digital asset market in 2025that is the bill to propose. Reclassification of digital assets such as “digital products” (Digital productsin English).
In the last few hours, the incorrect information that the text of that regulations circulated He designated Bitcoin, Ethereum and Cardano as «mature blockchains»(Mature Blockchainin English).
Cryptonoticia reviewed the document and found that sections and articles have made a recent statement as it is explicitly mentioned in Bitcoin, Ethereum, Cardano, or Solana oa XRP.
Definitions and requirements for mature blockchains
Clarity Law doesn’t name any particular cryptocurrency network, but it repeatedly addresses the concept of “mature blockchain” and establishes some requirements and definitions to understand what it refers to.
For example, section 31 of the first title of the law is:
“The term “Maturo Blockchain System” refers to a blockchain system, along with the associated digital commodities. This is not controlled by a person or group under general control. ”
Race laurity.
This definition is emphasized The importance of decentralization as a basic standard.
Furthermore, the “Development Plan” section includes the section titled “Requirements” for specific transactions in digital goods, including the “Law” section. Emphasises the role of governance Establish the necessary conditions to consider blockchain as “mature.”
“… a variety of roles that exist or aim to exist in relation to a blockchain system, such as users, service providers, developers, transactional variants, governance participants, and more.
Race laurity.
Note here that distributed governance is an important factor covering users to validators, and it is important to consider how control is distributed.
Furthermore, in the “Authentication” section of “Requirements for Maduro Blockchain Systems”, the law provides the first attempt based on this principle.
“For the purposes of Sections 4(a)(8), 4B and 4C of the Securities Act 1933, any issuer of Commodity Digital, persons associated with digital commodities, or persons affiliated with a digital commodity or a distributed governance system of a blockchain system can be certified prior to digital exchange.
Race laurity.
In this section, key actors such as emitters and governance systems require authentication to prove distributed governance. This means a formal process for assessing maturity. This means network You must show that it does not work on a single group.
In line with the same policy, the law makes it clear that blockchain systems, along with digital goods, are not excluded from being considered mature blockchain systems only based on the functional, administrative, administrative, or ministerial actions of decentralized governance systems. Includes actions taken by those who take the action instead And under the direction of a distributed governance system…».
This indicates that certain routine activities will not disqualify the network, provided that the Commission approves it and protects the interests of investors.
So, what is a “mature blockchain”?
You can throw that question away and answer it. Some cryptocurrency nets They don’t seem to meet the requirements of distributed and independent governance of central units.
For example, Ripple controls at least nearly 40% of the XRP supply. This means that the company has great power in the distribution and potential manipulation of assets, and will affect perceptions of decentralization.
In a similar case, Ethereum Foundation (EF) is now the third entity with the highest holdings of Ether (ETH), first replaced three days ago. It suggests a concentration of electricity With the Ethereum ecosystem.
Also, while more controversial, in both Ethereum and Cardano, the impact of EF, and the impact of Charles Hoskinson and his IOHK company, have promoted the evolution of these ecosystems and protocols, fostered impact governance overall, and questioned full independence.
The Bitcoin case appears to be more coordinated towards a highly distributed network. Unlike projects with central entities directing development, Bitcoin is run with a group of collaborators, rather than without its own authority. Until recently, with over 90% adoption, Bitcoin Core can be considered a group directing the protocol policy of network nodes, but the knot uprising as an alternative client for Bitcoin has gradually reduced its impact and limits one-way action.
Therefore, the recent evidence of this decentralization of Bitcoin is because it led operators to believe that it is a conflict between clients and to be incorrect in their measurement of Bitcoin core. Transfer that structure to Bitcoin Knot.
For this reason, the number of knot operators has grown to the point that they currently account for more than 15% of the total nodes, as few hundred were in April last year.
This transition reflects the network’s ability to adapt and enhances the resistance to concentration.
Anyway, clear laws open up discussion How these standards are measured? The lack of a specific name leaves the classification of future regulatory hands, a point that could shape cryptographic ecosystems in the coming years.
Specifically, it is a clear bill promulgated by the House of Representatives of the United States Congress. It still needs to be approved by the Senate It was signed by President of the United States, Donald Trump. He has since assumed that his second term is very close to adopting Bitcoin and cryptocurrency.
(tagstotranslate)Blockchain
