US to Exclude Crypto From Securities Law

US to Exclude Crypto From Securities Law

Two United States congressmen Reps. Warren Davidson (Republican) and Darren Soto (Democrat) introduced a bill in the House of Representatives that would exclude digital assets from being defined as securities.The “Token Taxonomy Act of 2018” seeks to exclude digital currencies from being defined as securities by amending the Securities Act of 1933 and the Securities Act of 1934.

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