Two congressmen are pushing a bill that would exclude cryptos from securities law

Two U.S. congressmen are pushing a bill that could give cryptos the regulatory clarity the market has been clamoring for, according to an exclusive report by CNBC. The so-called Token Taxonomy Act would exclude cryptos from securities laws, the report said. It is being proposed by Warren Davidson, an Ohio Republican, and Darren Soto, a Democrat from Florida. “In the early days of the internet, Congress passed legislation that provided certainty and resisted the temptation to over-regulate the market. Our intent is to achieve a similar win for America’s economy and for American leadership in this innovative space,” Davidson said in a statement, referring to the bill. 

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Two congressmen are pushing a bill that would exclude cryptos from securities law written by Frank Chaparro @ https://www.theblockcrypto.com/tiny/two-congressmen-are-pushing-a-bill-that-would-exclude-cryptos-from-securities-law/ December 20, 2018 Frank Chaparro

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