Once a blockchain reaches a point where no single entity controls 20% or more of...

…Put simply, it's the first time market structure legislation has ever cleared a Senate committee, and it ends a regulatory cold war that has been pushing builders out of the US for the better part of a decade. Now, Clarity splits jurisdiction between the SEC and the CFTC using what's called the maturity test. Once a blockchain reaches a point where no single entity controls 20% or more of token supply or governance, the asset graduates from being an investment contract under the SEC to a digital commodity under the CFTC. Translation, tokens get a legal life cycle for the first time in American history. And the regulation by enforcement era that vaporized projects like Kraken's staking program and dragged Coinbase through the courts for years finally has an off-ramp. But, it's not all plain sailing from here. There are still a few obstacles in the bill's path, and the first one is simple maths. Republicans hold 53 Senate seats. To break a filibus…