The CLARITY Act has a very clear definition of "decentralization", and it is indeed a clear act, worthy of its name. It supports' real decentralization 'rather than' performative decentralization '. Previously, the criteria for determining whether an encryption project could be considered "decentralized" were very vague, using "common control" testing, which allowed many "company chains" (performance-based decentralization) to take advantage of loopholes, saying, "We didn't promise anything back then, and now we shouldn't be regulated by the SEC. The CLARITY Act directly plugged this loophole and changed it to a stricter standard for "mature blockchain systems". Its core is to eliminate substantive control, and no individual or small team can unilaterally influence the rules, upgrades, operation, or governance of the system. The system must be truly open and permissionless (anyone can run nodes, users cannot be banned arbitrarily); It must be purely rule driven (transparent code runs automatically, no one can manually intervene in core functions); No one (or group of people) can control more than 20% of the tokens/voting rights; The system should be sufficiently autonomous (no one can unilaterally change functions or rules); Economically independent, the value mainly comes from the actual use of the network, rather than the continuous efforts of the founder/team. So, what impact will it bring? For the company chain (performance-based decentralization): It will be difficult to pretend to be 'decentralized' in the future. Internal personnel selling coins and operating them will be treated as "securities" and regulated more strictly, requiring more disclosure of information and compliance with more rules. For the current L2: The power of the Security Council must be strictly limited and cannot be arbitrarily vetoed or interfered with. Similar to the rapid intervention of Arbitrum in the KelpDAO incident, it will be difficult in the future. For truly decentralized projects: It's a real positive news. A clear path can be taken, such as raising funds through investment contracts in the early stages (managed by the SEC), and converting tokens into digital commodities (managed by the CFTC) after the network matures. Financing, trading, and secondary market rules are more clear, so there is no need to worry about sudden enforcement by the SEC.