Cardano is a commodity (US House passes FIT21 Crypto Bill)

Cardano is a commodity based on the FIT21 crypto bill that was just passed by the US House of Representatives. This is a huge day for crypto and the bill will continue on to the Senate for further approvals. Do you think that Cardano, and the ADA token, are commodities based on this information, or is the Cardano blockchain going to be measured as a financial security?
✝️ ”He answered their prayers, because they trusted in him.” -1 Chronicles 5:20
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[@__OBEY__]

cardano is for the people remember that

[@stultuses]

It is Back Cardano is you want freedom for humanity, because that's what Cardano was ultimately created for Back the others if you want to make a buck but don't care about your long term financial freedom

[@corbz9868]

They aren’t. They’re all marketing the tech is behind . Same with solana

[@scaramouche7759]

@@corbz9868 it is for the people. Staking is self custody. Governance includes dReps. It has a sovereign treasury controlled by the community. Token distribution follows the FIT21 bill requirements, with less than 20% going to insiders and founding members. Even when Charles wanted the community to do the Vasil upgrade, the SPO’s did not upgrade and wanted to do more testing, so the Vasil upgrade was delayed. Please provide an argument why Cardano is not for the people? Tech behind is a simpleton’s fud, Cardano can run the frames of Doom on one of its Layer 2’s, that is instant finality. Also you can include different transactions in one transaction without needed extra fees or more smart contracts, it’s efficient. This is before Input Endorsers, which gets rid of the conservative 20 second block time. Latest tests shows 5 blocks per second. If going by moore’s law, then Cardano can also upgrade block size too. So it is highly efficient. Then there’s projects like ZkFold, combining detereministic tx’s with zk tech. Even ethereum researchers acknowledge the benefits determinism provides zk proofs. There’s also zk primitives coming to Layer 1, enabling protocols like Mithril. Imagine verifying the whole chain on your mobile device. You can do that with Mithril’s zk proofs. Light wallets with the same security as full node wallets. Less trusting, more verifying, more decentralized. That is why crypto exists.

[@travisedwards9983]

@@corbz9868 May want to dig into it, ADA is nothing like the rest and NOTHING like solana lol.

[@larsalvermo8532]

That’s what I said to other KZbin influencers that got mad at me, when mentioned forget about Solana and XRP with 40-50% ownership. #CARDANO is a sleeping giant,.. has already ETF approved in Switzerland and if I remember correctly even in Europe.

[@dawsonallen]

Definitely a sleeping giant. The principles, tech, and ideas are what I like about it

[@barybary42]

in Germany too.

[@emilalbano7414]

Etf in sweden aswell

[@thomassiems1979]

​@@dawsonallen, but why the giant is sleeping, why he is tired? If he will awake still again?

[@Zashasm]

Ada 🚀🚀🚀🚀

[@Andrei.Pulsebitcoin_miner]

BULLISH on ADA as F

[@deniralim1601]

Cardano " ADA " absolutely is a commodity 100 % .

[@NES20164]

So 5-6usd is pretty much done deal, tnx you rock

[@dawsonallen]

🫡🫡

[@adafox8468]

3 keys for IOG 2 for the CF and 2 for emurgo

[@justinnelson7639]

Hey that’s great news. Thanks for the info

[@dawsonallen]

No problem 👍

[@yakobjalali]

Cardano ❤❤

[@jamesadd4566]

I think ADA could be the next etf approval in United States. Europe already have cardano etf, and there is no reason why US won't approve cardano etf.

[@dawsonallen]

That would be amazing

[@jamesadd4566]

@@dawsonallen Indeed

[@janeznovak2408]

Sure it could be for every 2M+ shitcoins,..so????

[@nowzthetime]

Yeah it really is massive news

[@SamsunGroy-tv9uo]

Great content

[@Mohnstrudel]

last ada bull standing

[@tw106]

SOL is a security?😮

[@barybary42]

and ponzi

[@youtubecensoringcomments7427]

And has outages

[@youtubecensoringcomments7427]

And is a betachain

[@janeznovak2408]

NOPE,..SEC said,...

[@richardfromage]

Solana is going to have some issues other than the issues it already has.

[@ablamill8357]

Solana will do very well in this bull market just as it did so far. Ignore the tech, bet on the winners.

[@richardfromage]

@@ablamill8357 I agree it will do well, but they have started to hide the data on what’s actually going on and who are the entities that own a majority of their tokens.

[@defy2598]

@@ablamill8357 SOl sucks sorry

[@tee8599]

@@ablamill8357very true. Tech doesn’t show in price. Which is why ada will do very very badly this cycle.

[@Matt-ek8vj]

the issue os doing 15x in a few months while ada is dead?

[@vashts718]

$ADA Commodity 💯👊

[@Alexxx---101]

Officially???

[@Savage14592]

Eth etf approved and tokens on ethereum like $dexa will make huge comeback

[@TADSkewd]

Thanks for the news! A D A 4 L I F E 🛸

[@ergindost6756]

Great News for PEPE 🐸🐸🐸🐸✈️✈️✈️❤️🐸

[@dawsonallen]

Do you think it will be a commodity?

[@d-not-u]

Cardano is a very good project. All the spoofing trading on other chains aren’t just confusing the new comers.

[@dawsonallen]

It is a very good project indeed

[@mattshiddengems]

Stoked. Cant wait to see it go sideways and then down and then sideways and then down!!! Gonna be such an awesome week!

[@theopendoor3716]

Good luck in the Senate and Biden :p

[@Andrew-ig5sp]

It will be miss labeled a security to drop the price. Then later deemed a commodity.

[@dawsonallen]

Hope not

[@danielwolthuis115]

Good news for Cardano is always bad news for ADA’s price. For some years now. Maybe try bad news….

[@dawsonallen]

I can try bad news haha

[@NadirofMan]

what happens when e.g. blackrock ends up with 20% of the supply of ADA, and thus staking power, under their control... commodity status revoked?

[@readyplayerone1110]

So are Binance and Solana securities according to this bill?

[@dawsonallen]

I would have to double check their current nodes and who’s controlling them.

[@theopendoor3716]

It's not their currency it's the holders currency.

[@scaramouche7759]

Last time iog wanted to push an update, I think it was for Vasil, the SPO’s did not upgrade their nodes and delayed it for more testing. So even if Chang is arriving later this year to bring full gov framework on chain (among other optimizations and new features), the SPO’s today offer a check against the core devs. Chang widens the scope of gov for more egalitarian design, similar to how egalitarian Cardano’s staking is. Love or hate Cardano, it is consistent in being the People’s network.

[@dawsonallen]

You’re exactly right and that’s why it should be a commodity

[@janeznovak2408]

And???? Also 2M+ of shitcoins,..SEC said,...

[@linanyi04]

Yes!

[@nicosilva4750]

What would happen to TON? hmmm.

[@dawsonallen]

Definitely security

[@Youbetcha1111]

HODL FOREVER!

[@petec3250]

Old news. This was last week.

[@haydenhack]

isnt the whole point of crypto, that it isnt controlled by govs?

[@dawsonallen]

Yes but there will probably need to be a give and take by both sides

[@francoaki5022]

All are gaining 5x 10x 100x meme. And cardino is dead

[@easypeasy6657]

i dont know Cardino...Thats ok

[@onyxcideYT]

Click bait.

[@conanking945]

Great review. More on Cardano pls

[@meangrizzgreen]

Bags are packed

[@dawsonallen]

Same here

[@PepeCoinMania]

This is has nothing to do with your crap coin

[@PointGiven]

Biden won’t sign it. Better vote Trump.

[@teknoguy1156]

the uncertain in ADA is real as for many other great projects that performed good in the last bull run like SAND, DOT, AAVE, GALA and many more, but this means shit till the ALT Season really starts. Don't forget that besides pump and dump meme coin no crypto performed as good as most of project last bull run. Be patient folks

[@corbz9868]

Cardano is GARBAGE icp

[@vivarantx]

icp is higly centralized and it's like 12 bucks down from 450 bucks, it will be out of top 20 soon

[@corbz9868]

@@vivarantx nah. Have fun losing all your money this bull run..

[@markosbornestudio]

garbage icp?

[@corbz9868]

@@markosbornestudio no. Cardano.

[@corbz9868]

@@markosbornestudio nah bro icp

[@teknoguy1156]

bro why u have a bike in the living room lol

[@dawsonallen]

I have no where else to put it

[@francoaki5022]

Its a dead coin!

[@coloradotrader7202]

you must have bought the top lol #copium