Crypto Bill Offers Basic Definitions The Industry Needs

Law360 (February 14, 2020, 4:51 PM EST) -- A wave of cryptocurrency regulation is sweeping the globe, and the United States is making a major contribution. Over 20 new pieces of crypto legislation will be discussed by the U.S. Congress during 2020.[1]

Central among these is the Crypto-Currency Act of 2020, a bill introduced by Rep. Paul Gosar, R-Ariz., with the following aim: “To clarify which Federal agencies regulate digital assets, to require those agencies to notify the public of any Federal licences, certifications, or registrations required to create or trade in such assets, and for other purposes.”[2]

The bill seeks to rectify the present lack of regulatory clarity...

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