This marks the first time a major world power has explicitly classified digital assets as commodities rather than securities, creating a precedent for global regulatory frameworks. The dual-agency oversight model (CFTC/SEC) represents an unprecedented consolidation of financial control mechanisms that could enable rapid implementation of centralized economic systems prophesied in scripture.
US CLARITY Act: Digital Assets Now 'Commodities' Under Trump
📰 What Happened
The US Senate Banking Committee has introduced the CLARITY Act, a landmark bill classifying digital assets as commodities rather than securities. The legislation, supported by the Trump administration and Senator Tim Scott, places crypto regulation primarily under CFTC oversight while maintaining SEC involvement. The act addresses banking services, self-custody, and anti-money laundering protocols. This follows Trump's recent signing of stablecoin legislation, marking a significant shift in US crypto regulation.
📖 Prophetic Significance
The CLARITY Act's commodity classification of digital assets, combined with Trump's stablecoin legislation, accelerates the formation of a unified global financial architecture. This aligns with Daniel 7:23's description of a kingdom that 'devours the whole earth' through economic control. The bill's emphasis on anti-money laundering protocols and banking services integration mirrors Revelation 13's centralized economic system. The dual oversight by CFTC and SEC creates a regulatory framework that could rapidly transition to the prophesied mark-based economy, particularly through the standardization of 'ancillary assets.'