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:

  1. The Resolution Supporting Digital Currencies and Blockchain Technology supports a "light touch, consistent, and simple legal environment" for cryptocurrencies and blockchain.
  2. The Blockchain Regulatory Certainty Act affirms that non-custodial blockchain entities do not need to register as money transmitters.

  3. 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)