Aug 20 at 04:48 AM
The Clarity Act: Why it is so important? 🤔
TLDR: Tokenisation of assets.
The Genius act was formulated around stablecoins. Clarity will provide clear legal guidelines towards crypto for the financial system who can only proceed once that is in the legal frameworks.
The groundwork has been laid down years in advance with Swift leading the efforts.
Fun fact: DBS was one of the many banks involved in the ongoing test runs.
Another golden nugget: Many think only of BTC or ETH. IMHO, there is one token that is going to be the backbone of tokenisation. Don’t take my word for it. You can do your own research.
The token? Chainlink.
Thank me later. 😂
Remember this -> NOT financial advice. I am just sharing my views and not looking for arguments or to prove myself right. No one is right all the time but our society is always about face value and wanting to be the ‘right one’. I notice an increasing number who think that they are better and want to ‘correct’ others. We are all humans so humility is a much forgotten attribute. Constructive polite comments are very much welcome though.
Having said that, I hope that my nuggets of information are useful. Always do your own due diligence. Nowadays you don’t even have to go to the library. Just ask your favourite AI agent at the very least. 😂
@Captain Leo @Captain's Treasure @Captain's Watch
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.