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The CLARITY Act was born from one of crypto’s biggest problems, the blurred line around securities. In crypto policy, a “security” is simply an investment legally treated like a stock, bond, or investment contract.. But we’ve NEVER run a coin built around traditional securities! So why not? Run the S&P 500 security narrative paired with $SPY, the powerhouse of the S&P 500. Many bonders, Many more overlooked..