#node operators

➤ Pi Network has successfully completed a major v23 node upgrade, involving complex overhauls of its protocol, operating system, and database. ➤ This upgrade enables native smart contract functionality via Soroban, paving the way for dApps, DeFi, NFTs, and real-world asset tokenization on the Pi Mainnet. ➤ The successful execution of this challenging, multi-system upgrade marks a significant technical milestone, transitioning Pi Network into a production-ready programmable blockchain.

➤ The CLARITY Act, specifically Section 604, aims to provide regulatory certainty for open-source blockchain developers and node operators by exempting them from money transmitter classifications if they do not handle customer funds. ➤ This provision, which passed the House with bipartisan support, is crucial for fostering innovation in the US blockchain ecosystem, particularly for decentralized finance (DeFi) protocols. ➤ Despite House approval, the CLARITY Act faces significant hurdles in the Senate, leaving the industry uncertain about the future implementation of these developer protections.