U.S. Congressman to introduce three pro-cryptocurrency bills
Representative Tom Emmer announced three bills to support blockchain technology and cryptocurrency. The bills are as follows:
- The Resolution Supporting Digital Currencies and Blockchain Technology supports a "light touch, consistent, and simple legal environment" for cryptocurrencies and blockchain.
- The Blockchain Regulatory Certainty Act affirms that non-custodial blockchain entities do not need to register as money transmitters.
- The Safe Harbor for Taxpayers with Forked Assets Act creates a safe harbor for taxpayers with cryptocurrency forks that make a good faith effort to comply with tax policies.
(Source: Coin Center)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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