The US Congress may exempt the cryptocurrency from regulation as a security

Member of the US House of Representatives, Warren Davidson, on Tuesday reiterated the bill on the classification of tokens, which, he said, if approved by Congress and enters into force, will be a weighty message for innovative companies as to which jurisdiction is best for development. blockchain business. This writes CoinDesk .

The bill was first drafted by Davidson with another member of the House of Representatives – Darren Soto – at the end of last year. They propose to exclude certain types of cryptocurrency and other digital assets from regulation in the field of securities.

The new version of the bill is in many ways similar to the previous one. It contains a clearer definition of the digital token and a number of new provisions related to consumer protection and the primacy of the presented legal act over the laws in force in individual states.

Last year, the meeting of the Congress ended before the financial services committee or budget committee could vote to allow the bill to proceed to further stages of consideration.

Publication date 10/04/2019
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