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Pros & cons of the Clarity legislation

Reddit r/CryptoCurrency·u/timetotrysushi·about 1 month ago
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Please explain it to me like I’m five, I genuinely want to understand...I see advocates of crypto like myself championing the legislation. However, with the exception of the part that “defines digital commodities as assets intrinsically linked to a blockchain, shifting many, potentially including XRP, away from SEC oversight”, the rest of what I see is the expansion jurisdiction and oversight and just more regulation. And don’t want I people (especially those who don’t understand crypto) trying to police it. So regardless of politicians spin on it, what does it look like practically upon potential implementation?

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