US Congressman is Working On a Bill To Exempt ICOs and Cryptos From Securities Laws2.85

United States Congressman Warren Davidson from Ohio has announced plans of introducing legislation that will regulate ICOs (Initial Coin Offerings) and cryptocurrencies as a different asset class thus exempting them from current securities laws. Mr. Davidson represents Ohio’s 8th District and can be considered as a voice of reason when it comes to the topic of crypto and ICO regulation in the United States.

The legislation has not yet been made public but Mr. Davidson promised that it would be soon as there was an urgent need to provide clarity into the new industry. He added that ICOs and cryptocurrencies provided an alternative method for entrepreneurs to raise capital.

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