The new compromise deal between Banking & Crypto industry for CLARITY Act shows one thing
The new compromise deal between Banking & Crypto industry for CLARITY Act shows one thing:
The world is catching up to Pi Network's trail, and Pi remains ahead of the curve. How?
The CLARITY deal bans passive yield on stablecoins—rewards just for holding a balance—to prevent competition with bank deposits. But activity-based rewards (tied to transactions, transfers, or network participation) are still allowed.
Crypto twitter is heavily divided on this — with some spelling doom for crypto — and, no doubt, centralized exchanges are shaking, but I see something different.
In logic, this new deal is a deferment to the same principles that Pi has used to build its entire ecosystem from the ground up.
Killing passive yield is not good news for exchanges but it forces crypto back to real utility. It pushes crypto holders to adapt to usage if they want to earn yield. And guess who's been preaching and cultivating the culture of usage since 2019?
Pi Network.
Pi never did "sit-and-earn". In Pi, you had to participate in the network activities to earn.
Mining was powered by daily taps, referrals, security circles, nodes—all actual work. Using utility apps in the Pi Browser also gives incentives by boosting your mining rate. Now Pi Launchpad is coming: you have to stake Pi, use the apps, earn merit, then bag tokens at TGE as reward for those activities. No lazy bags—just engagement.
Also the base 0.3% trading fee in Liquidity Pools on Pi is going straight to Liquidity Providers — that is us pioneers. Just like Uniswap, but Pi style.
Even with Pi Domains, no domain squatting. You have to work with a domain to provide utility.
Everything in Pi has always been centered around network participation, usage, utility, and that principle is what the CLARITY Act deal adopted. It banned the ability to just increase wealth by idly holding a balance and earning yield — you have to engage in economic activity to get that yield.
Pi's blueprint survives. Banks grab deposits short-term, but crypto utility explodes long-term.
The world will finally see it: Pi wasn't early. Pi was ahead. Pi trailblazed this path. Utility-first from day one. And now, everyone will go on this path.
It now looks like regulations are catching up to Pi.
Like I've always said: Pioneers are ahead, and the world will come to learn from pioneers.
