Republican crypto bill may see US shake-up, DeFi and AIFi may not need to register as securities

Avorak AI (AVRK) investors and the whole crypto community had concerns over the crypto landscape in the United States, largely due to its regulatory uncertainty. However, a glimmer of hope has risen amidst the recent Republican crypto bill, which may lead to DeFi and AIFi projects not registering as securities.

The Republican crypto bill: Why DeFi and AIFi may not need to register as securities

The recently proposed Republican crypto bill could shake up the United States’ cryptocurrency regulation framework by providing clear roles for regulators and effectively differentiating cryptocurrency securities and commodities. This move would exempt certain activities, such as wallet provision, software publishing, and node operation, from SEC regulation, allowing them to operate without registering as securities. Decentralized finance (DeFi) and autonomous investment funds (AIFi) assets could also be exempted, provided they are certified by the SEC. While the bill grants the SEC anti-fraud authority over certain crypto commodity transactions, it primarily grants the Commodity Futures Trading Commission (CFTC) authority over digital commodity cash and spot markets. The proposed bill reflects a collaborative effort between the House Financial Services Committee and the House Agriculture Committee. It aims to strike a balance between consumer protection and responsible innovation in the crypto industry.

What is Avorak AI (AVRK)?

Avorak AI is a new AI platform built on the BNB Smart Chain. The ecosystem’s native token, AVRK, is an indispensable part of how it delivers products to the market. As a token of utility, it represents a commodity of value only with the purpose of accessing the Avorak AI system.

Avorak’s AI-powered products and services are first-to-the-market, enabling it and its users to get ahead of the competition. Avorak can be used in customer service, content generation, trading, 3D modeling, blueprint drafting, data analysis, and more. The uniqueness of Avorak’s products and services can be illustrated by its text-generating AI, Avorak Write. While most text-generating AI uses internet scraping only to pull information and create language, Avorak Write also includes a pre-written language bank and plagiarism-detecting APIs. This ensures high-quality texts that are non-repetitive and not plagiarized.

AVRK tokens also guarantee their holders a portion of the revenue made by Avorak’s AI solutions. Users can stake AVRK to increase their hold of Avorak’s market cap or trade them on various decentralized and centralized crypto exchanges. AVRK is currently priced at $0.255 in phase 7 of Avorak’s initial coin offering (ICO). This is the second-last phase, and investors get a 4% token bonus, priority access to Avorak’s closed beta products, and several other benefits. Many crypto watchers, including Crypto Atlas, have reviewed Avorak AI, and they suggest that it has strong potential for growth.