US To Provide Regulatory Clarity On Crypto

According to a report released by Kate Rooney, a markets reporter at CNBC, two congressmen — Warren Davidson and Darren Soto — are preparing a bipartisan bill to exclude crypto from the country’s securities law.

The bill, entitled “Token Taxonomy Act,” is set to be introduced to the House in the months to come in an attempt to facilitate the growth of the cryptocurrency sector of the U.S.

If passed by the House, the bill will eliminate cryptocurrencies and initial coin offering (ICO) tokens from the scope of the U.S. Securities and Exchange Commission (SEC), which may revitalize the country’s ICO market.

Reference: https://www.ccn.com/us-to-provide-regulatory-clarity-on-crypto-token-recovery-in-sight/

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