Recently, the progress of the Clarity Act has been moving very quickly. After reading the act, Spinach broke it down into three core logics. Stripping away all the legal jargon, this text is essentially doing just one thing: - Recognizing that crypto assets meet the definition of 'securities,' and then creating a separate set of rules that aren't governed by securities law. Understand these three points, and you'll understand the entire game plan for U.S. crypto regulation over the next two years.