Real-time policy modeling workbench inspired by the Senate Democrats caucus meeting on the Crypto Clarity Act. Balance SEC digital asset test thresholds, CFTC spot commodity carve-outs, DeFi safe-harbor conditions, and stablecoin reserve mandates to project floor votes and market certainty.
Defines decentralization requirements under Howey test revisions. Lower assigns broad tokens to SEC; higher transitions mature networks to CFTC.
Defines exclusive digital commodity exchange registration and exclusive jurisdiction over qualified decentralized token trading.
Mandates 1:1 liquid short-term Treasuries, FDIC-insured deposits, and restriction on synthetic commercial paper yield.
caucus cohesion on ethics amendments (officials prohibited from proprietary digital token issuance or blind-trust waiver).
| Statutory Title | Enforcing Agency | Counterproposal Compromise Text |
|---|---|---|
| Title II: Asset Decertification | SEC Enforcement | Howey exemption test requires 65% decentralization verification. |
| Title III: Spot Commodity Markets | CFTC Oversight | Direct spot market authority with 70% carve-out threshold. |
| Title V: Stablecoin Safeguards | Fed & OCC / SEC | 90% liquid tier-1 cash & treasury backing required for issuance. |
| Title VII: Safe Harbors & DeFi | CFTC Joint Safe-Harbor | Developer protocol immunity included with compliance sunset. |