Attorney: Don’t Hold Your Breath on Token Taxonomy Act That Exempts Crypto from Securities Laws6.6

This past December, cryptocurrency investors were delighted to hear that lawmakers had put forth a bill – aptly dubbed the “Token Taxonomy Act” – that would change the Securities and Exchange Commission’s 72-year-old definition of securities in order to exclude crypto.

If passed, this bill would entirely alter how the industry is regulated going forward and would offer companies and projects significantly more room for experimentation without worrying about regulatory authorities.

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