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

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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

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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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