🚨Whoah! The full 278-page bipartisan Digital Asset Market Clarity Act just came out for Thursday markup! Structure and clarity are coming, and here are some key points. 1. Network tokens aren’t automatically treated as securities anymore once certain conditions are met. That removes the biggest overhang on listings, liquidity, and capital. This industry has waited so long for this… From there: 2. Staking + airdrops Programmatic, rules-based distributions aren’t securities by default! That’s a pretty direct reversal from the direction things were heading. 3. SEC vs CFTC clarity It finally draws a cleaner line between the SEC and the CFTC. Securities stay securities. Digital commodities get commodity treatment. Institutions need that clarity before they show up. 4. Builders & self-custody protected! There’s also real language protecting builders and self-custody…writing code doesn’t make you a broker, and holding your own assets is still your right. This is going to be a crazy week watching how this plays out!(Dan Gambardello)