A key aspect of the newly approved FIT21, which aims to establish a clear regulatory framework that includes the roles of the CFTC and SEC, is the five-pronged decentralized test that determines whether an asset is a digital good. digital or not.

⚫️Section 1: Rules of power

No individual has been able to control, change the code or prohibit others from using the system in the past 12 months.

⚫️Section 2: Ownership and voting rights

No issuer or related person may own or direct 20% of the assets or voting rights of such assets, and such assets must not include voting rights in the past 12 months.

⚫️Prong 3: Change code

Code changes must be limited to maintenance, bugs and vulnerabilities within the last 3 months or must be approved through consensus of the decentralized governance system.

⚫️Section 4: Do not market as an investment

The property has not been marketed as an investment in the past 3 months.

⚫️Section 5: Inflation rules

The token release must be distributed to end user $ETH