Clarity Act odds falls

[Joy_learns_crypto]

I don’t know if it’s something that has been posted here already before but it is actually an interesting story.

According to many news source the clarity act odds has dropped significantly

https://finance.yahoo.com/markets/crypto/articles/clarity-act-odds-fall-low-054218700.html

The clarity act is actively being pushed by Donald Trump but still faces lots of challenges, the major challenge the clarity act is facing right now is in the senate.
Do you think the clarity act is something that will happen or is the clarity act just another BS being pushed by Donald Trump.

[Charles-Tim]

I see it as bull shit for bitcoin. I do not know much about it for stable coins and altcoins. Without the clarity act, bitcoin adoption has been increasing till today and people know how bitcoin is a commodity and not a security, unlike those stable coins and altcoins. But if it is passed, it will be in law that bitcoin is a commodity and not a matter of any debate again. But how about those altcoins where some like ethereum are securities, but I think they will be classified under commodities also. Or is it not like that?

[Alpha Marine]

Warren urged Senate leaders that the Clarity Act must prevent the President, Vice President, senior administration officials, members of Congress, and their families from profiting off the crypto industry.

I haven't found time to read about it, but apparently, this has been part of the many reasons why the bill has been stalling. Democrats want an "Ethics rule" to be added to the bill so that it would limit the way politicians profit from the market, but I don't fully understand how.
If it would prevent politicians from using their office to profit as Trump and his family have done, then I think I get it.

[Zlantann]

I see it as bull shit for bitcoin. I do not know much about it for stable coins and altcoins. Without the clarity act, bitcoin adoption has been increasing till today and people know how bitcoin is a commodity and not a security, unlike those stable coins and altcoins. But if it is passed, it will be in law that bitcoin is a commodity and not a matter of any debate again. But how about those altcoins where some like ethereum are securities, but I think they will be classified under commodities also. Or is it not like that?

The Clarity Act has some good provisions that would contribute positively to the crypto industry. Section 604 of the bill proposes protection for open-source developers, contributors, and smart contract writers from being held liable for how people use their services. As long as these developers don't control the funds, they are not responsible for transactions there. We have seen developers being arrested for fraudulent transactions that they know nothing about. The bill is proposing no financial custody, no liability.

There is also a push from lawmakers like Kirsten Gillibrand, Chris Murphy, Chris Van Hollen, and Jeff Merkley for the inclusion of a provision that will restrict political office holders from issuing, profiting, or owning digital assets. If this law is signed, a sitting president, member of Congress, and family members would be barred from investing in the industry. Shitcoins like Trump and Melenda memecoin wouldn't have been created if such a law were in place. But I think they should be allowed to buy, but not issue, crypto assets. I think this is also a good move to avoid influence from politicians.

[Charles-Tim]

The Clarity Act has some good provisions that would contribute positively to the crypto industry. Section 604 of the bill proposes protection for open-source developers, contributors, and smart contract writers from being held liable for how people use their services. As long as these developers don't control the funds, they are not responsible for transactions there. We have seen developers being arrested for fraudulent transactions that they know nothing about. The bill is proposing no financial custody, no liability.

Do not be surprised if developers are arrested if the clarity act is passed. Even without the clarity act, the developers are making huge amount of money, there are fake and scam projects and most are pump and dump with no one getting arrested. See what happened to RaveDAO few weeks ago, who is arrested? The crypto industry is scam, but they want to use the clarity act to protect the scammers? Even Trump made more than $1.25 billions from crypto while most people that invested on his Trump, Melania and WLFI are in losses right now and the tokens continue to fall.

[Satofan44]

It is going on back and forth, one side does not want the ethical provisions and others does. Are political members allowed to have investments in companies or create companies? If they are, why would it be any different in the topic of digital assets? It seems to me that we just have a few salty idiots on one side that can't accept the fact that Trump has made so much money, so they want to stall using a ridiculous provision that is not required in anything else.  

The Clarity Act has some good provisions that would contribute positively to the crypto industry. Section 604 of the bill proposes protection for open-source developers, contributors, and smart contract writers from being held liable for how people use their services. As long as these developers don't control the funds, they are not responsible for transactions there. We have seen developers being arrested for fraudulent transactions that they know nothing about. The bill is proposing no financial custody, no liability.

Do not be surprised if developers are arrested if the clarity act is passed.

That is nonsense, it literally reduces the liability of the open source developers -- therefore, your claim is wrong and similar to a ChatGPT hallucination. It is as if you have written "If I grew more tall, don't be surprised if I am shorter".  

Even without the clarity act, the developers are making huge amount of money, there are fake and scam projects and most are pump and dump with no one getting arrested.

One has nothing to do with the other. Protecting Bitcoin Core developers is a huge important topic, similarly, we want to protect developers of tools -- "scam projects" and "pump and dump" projects have nothing to do with this. Those would be covered under specific other laws related to finances and financial crimes. Anyway, what are you doing besides complaining about this online? Probably nothing, like everyone else who is complaining. Do you have any idea how many cases in the world they are of financial fraud? Do you know the level of evidence needed to convict someone? Do you know how many resources have to be utilized to de-anonymize one of these creators unless they are publicly identifiable? The people that are doing the enforcing of crimes are limited in both human count and financial resources, don't blame them for not being able to do magic.

The crypto industry is scam, but they want to use the clarity act to protect the scammers?

It is literally the exact opposite. Read his post again and read my post. This is an important provision that relates to free speech -- code is free speech. If we were to go the way of totalitarian commies like the EU, they would want to arrest the developer of Electrum because someone committed a crime using Electrum. This provision is for providing protections to the developers in exaggerated cases like this and others.

Even Trump made more than $1.25 billions from crypto while most people that invested on his Trump, Melania and WLFI are in losses right now and the tokens continue to fall.

That does not make it a scam. As long as it is not misrepresented as something that it isn't or as long as they do not something that is very wrong, then it is not a scam. Just because someone lost money in something, that does not make it a scam -- it makes the individual a bad investor, stop blaming others for your own failures. When a company makes a physical product and sells it to the public, it makes a lot of money. The public will lose money on their product, while deriving some utility (some more than others, depends on circumstances). Does that make the company a scam?  

[Fortify]

I don’t know if it’s something that has been posted here already before but it is actually an interesting story.

According to many news source the clarity act odds has dropped significantly

https://finance.yahoo.com/markets/crypto/articles/clarity-act-odds-fall-low-054218700.html

The clarity act is actively being pushed by Donald Trump but still faces lots of challenges, the major challenge the clarity act is facing right now is in the senate.
Do you think the clarity act is something that will happen or is the clarity act just another BS being pushed by Donald Trump.

The trouble is nobody can trust anything that Trump does or ever did. He's proven to be an absolute greedy and self centered failure as a politician, just like he was as a businessman. It's easy to talk trash and spread hatred with the aim to divide people, but all he is really doing is trying to distract from the super rich who are accumulating ever more wealth while the average person suffers. Creating laws with names like the "save America" and ''clarity act" is just shallow marketing bullshit when the laws are actually just being built to protect him, his family and a select group of friends (not his followers). You should not trust a word that he says, because at best he is entirely incompetent for the job and at worst he is a manipulative liar - those are your options.

[Cryptomultiplier]

I don’t know if it’s something that has been posted here already before but it is actually an interesting story.

According to many news source the clarity act odds has dropped significantly

https://finance.yahoo.com/markets/crypto/articles/clarity-act-odds-fall-low-054218700.html

The clarity act is actively being pushed by Donald Trump but still faces lots of challenges, the major challenge the clarity act is facing right now is in the senate.
Do you think the clarity act is something that will happen or is the clarity act just another BS being pushed by Donald Trump.

The trouble is nobody can trust anything that Trump does or ever did. He's proven to be an absolute greedy and self centered failure as a politician, just like he was as a businessman. It's easy to talk trash and spread hatred with the aim to divide people, but all he is really doing is trying to distract from the super rich who are accumulating ever more wealth while the average person suffers. Creating laws with names like the "save America" and ''clarity act" is just shallow marketing bullshit when the laws are actually just being built to protect him, his family and a select group of friends (not his followers). You should not trust a word that he says, because at best he is entirely incompetent for the job and at worst he is a manipulative liar - those are your options.

Trump and his Republican party involvement has so far stalled the clarity act because in a way it limits them from dealing with crypto currencies while in government office and I see why because Trump has benefitted from crypto currency so far and signing this act into law becomes a hindrance both to him and others and developers as well.
I still see it being signed into law though, if not before the end of this year, it would be sometime at the beginning of next year or it won't ever be mentioned again.

[Coyster]

You should not trust a word that he says, because at best he is entirely incompetent for the job and at worst he is a manipulative liar - those are your options.

The Clarity Act is a proposed U.S. legislation, this is not an executive order that is issued by the president, so it is not about what Trump says or not, it is not his decision to make. The legislature would decide if it becomes law or not, (pending the presidents signature) and thus far it has gone through a few stages, such as the House and the Senate Banking Committee. And the next most important stage would be when it is debated on the floor of the senate.

You can call Trump whatever you wanna call him, but the Clarity Act is not so much about him as it is about the issues it addresses. Issues such as a clear directive on the operational boundaries of the SEC and the CFTC. It also has a provision to protect open source developers, as well as other propositions that creates a clear crypto regulatory framework in the U.S..

[slapper]

1.4 billion. That is how much cryptocurrency money Trump disclosed that he made in 2025, albeit his business was called World Liberty Financial, memecoins, as you can call it. And now he is the loudest voice in the room saying we need the Clarity Act passed urgently.

 For years, the SEC vs CFTC jurisdictional mess has been truly chaotic. No one can really argue that. Except that there is a distinction between "we need regulation" and "the person creating the regulations is personally benefiting from their design. And we are not allowed to say that is disqualifying without being called a crypto hater or whatever is kind of maddening.

The Democrats blocking it (Murphy, Warren, Merkley). They are annoying to me half the time on other things. But here they are not even wrong. They want ethics language in the bill that prevents officials and their families from holding crypto they are actively regulating.

[Coyster]

They want ethics language in the bill that prevents officials and their families from holding crypto they are actively regulating.

In truth, Democrats are only pushing for the ethic provision to be included because it is Donald Trump who is in office. This provision really has no place in this legislation and it is a deviation from the primary reason for the bill in the first place.

I don't think a president should be launching a memecoin, particularly because of how risky it can be and how quickly it can turn into a scam, but i think it should be all right if they buy and hodl crypto. Neither should their family members be deprived of that opportunity as well. We can talk about a potential abuse, but there are many other things that can be abused through the position of president that nobody really talks about.

[X-ray]

Even though safe harbor for non custodial developer is the greatest point about this bill but the stablecoin yield restriction is pretty disappointing.

At this point I'm confused whether it's a good thing or not if this bill pass, will definitely be waiting what's going to come out from the Clarity hearing.

[Satofan44]

The trouble is nobody can trust anything that Trump does or ever did. He's proven to be an absolute greedy and self centered failure as a politician, just like he was as a businessman. It's easy to talk trash and spread hatred with the aim to divide people, but all he is really doing is trying to distract from the super rich who are accumulating ever more wealth while the average person suffers.

You can fuck off back to 3rd world shithole with you misinformation. Trump is better in every dimension than your whole useless family combined, only people from the bottom throw rocks at the best country of the world.

Creating laws with names like the "save America" and ''clarity act" is just shallow marketing bullshit when the laws are actually just being built to protect him, his family and a select group of friends (not his followers). You should not trust a word that he says, because at best he is entirely incompetent for the job and at worst he is a manipulative liar - those are your options.

Complete fabrication based on someone who hasn't even read the Clarity Act. While I do not have any comments for SAVE America for this thread, the Clarity Act is in fact one of the best legislation that has come and is widely recognized that it is a great thing. It has nothing to do with Trump, he does not create the laws, the parties do and they negotiate towards approval. Learn how a democracy works before opening your trap.

The Clarity Act is a proposed U.S. legislation, this is not an executive order that is issued by the president, so it is not about what Trump says or not, it is not his decision to make. The legislature would decide if it becomes law or not, (pending the presidents signature) and thus far it has gone through a few stages, such as the House and the Senate Banking Committee. And the next most important stage would be when it is debated on the floor of the senate.

You can call Trump whatever you wanna call him, but the Clarity Act is not so much about him as it is about the issues it addresses. Issues such as a clear directive on the operational boundaries of the SEC and the CFTC. It also has a provision to protect open source developers, as well as other propositions that creates a clear crypto regulatory framework in the U.S..

A lot of people here are complete idiots, and if theymos did not have liberal rot brain they would be banned swiftly a long time ago. Whatever anyone posts against this act is going to be misinformation, it literally does not have any bad provisions at all and is moving legislation maturity ahead. At least you have written things correctly, congratulations.

The Democrats blocking it (Murphy, Warren, Merkley). They are annoying to me half the time on other things. But here they are not even wrong. They want ethics language in the bill that prevents officials and their families from holding crypto they are actively regulating.

Yes they are wrong, read other posts before you write nonsense. Where are the ethical provisions when it comes to trading stocks and having investments? There is none, because Pelosi and other corrupt democrats profit off of it the most. Now they want ethics provisions in something innovative like this while simultaneously not wanting the same ethics provisions in any other area. This is peak corruption, don't be a naive child.