U.S. House launches new FinTech Task Force

The U.S. House of Representatives has established a new task force that will look into fintech technology, CoinDesk writes. FinTech Task Force's interests will include blockchain and cryptocurrencies.

Members include blockchain advocates Warren Davidson, Tom Emmer and Josh Gottheimer, all of whom signed the letter to the Internal Revenue Service calling for clarity on crypto tax regulation.

Moreover, Davidson has twice introduced the Token Taxonomy Act to Congress in an attempt to exempt cryptocurrencies from securities law. Gottheimer co-sponsored the reintroduced act last month.

When announcing joining the task force, Gottheimer wrote in a statement, “As blockchain, new lending options, and other financial technologies continue to emerge, it is clear that there must be a framework in place that not only provides a much clearer path forward for innovation, but also establishes the United States as a leading force in this space.”