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Congressmen Introduce New Legislation To Promote Blockchain Development And Digital Tokens Through Regulatory Clarity
Summary: Two congressmen introduced new legislation to bring more regulatory clarity to the digital token business in the United States on Thursday, September 24, according to a recent release from the Chamber of Digital Commerce. The two bills have been introduced to work together to promote the growth of digital tokens and blockchain development in the ...
Two congressmen introduced new legislation to bring more regulatory clarity to the digital token business in the United States on Thursday, September 24, according to a recent release from the Chamber of Digital Commerce.
The two bills have been introduced to work together to promote the growth of digital tokens and blockchain development in the United States.
Co-chair of the Congressional Blockchain Caucus and Ranking Member of the House Committee on Financial Services’ FinTech Task Force, U.S. Representative Tom Emmer (R-MN), proposed the Securities Clarity Act of 2020 to amend federal securities laws to distinguish between investment assets that are part of an investment contract versus securities.
Representative Mike Conaway (R-TX) introduced the Digital Commodity Exchange Act of 2020 which rallies for a federal regulatory framework to manage token trading platforms under the CFTC's supervision.
By Emily Mason
Tags: Chamber of Digital Commerce,Digital Tokens,Regulation,U.S. Representatives
Link: Congressmen Introduce New Legislation To Promote Blockchain Development And Digital Tokens Through Regulatory Clarity [Copy]
