US Congressmen Introduce Bill To Exempt Crypto From Securities Law58.08

A couple of Congressmen in the United States are trying to get an exemption for cryptocurrencies from securities law. If successful, it could signal a paradigm shift in the US regulatory climate as far as virtual currencies are concerned.

Rep. Warren Davidson (R-Ohio) and Rep. Darren Soto (D-Florida) introduced a bill on Thursday (December 20, 2018) called the “Token Taxonomy Act.” The bill seeks to exempt cryptocurrencies from being classified as securities. If passed, US securities law will no longer apply to virtual currency tokens once their projects become fully functioning networks.

Original source
https://bitcoinist.com/cryptocurrency-exemption-securities-law/

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