- Reps in the US are again pushing for the Token Taxonomy Act to be approved.
- It will provide some exemption of certain cryptocurrencies from U.S. securities laws.
US lawmakers are pushing for greater legal clarity around cryptocurrencies, granting the necessary bodies the guidance on how they can enforce securities related laws around digital assets.
U.S. Representative Warren Davidson has again brought to the table a Token Taxonomy Act, he noted that if this gets approval by Congress and signed into a new law, it could send a strong message across the industry that “the U.S. is the best destination for blockchain technology.”
Last year the bill was first introduced by reps Davidson and Darren Soto. They were seeking for exemption of certain cryptocurrencies and other digital assets from federal securities laws, allowing individuals to more easily trade or transact with select coins.
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