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Bi-partisan Bill Introduced to Help U.S. Compete in Crypto-economy

Friday, Dec 21 2018
Cryptocurrency
Written by  FinTech News Brief Staff

U.S. Reps. Warren Davidson and Darren Soto introduced legislation to clarify rules surrounding “the blockchain economy.” So reports The Journal News.

The lawmakers are hoping to provide “light-touch regulation” for regulators, businesses and entrepreneurs. The bill is aimed at a decades-old Supreme Court decision involving the definition of a “security” with respect to contracts, investments and regulation. The lawmakers expressed concern innovations in financial technology will continue to outpace the law.

Read the full article from The Journal-News.

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