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Expert Analysis

How Congress Could Change The Game For Digital Tokens

By Stephen Crimmins and Matthew Comstock (January 10, 2019, 2:45 PM EST) -- As Washington emptied out for the long holiday weekend on Dec. 20, a bill hit the hopper in the House of Representatives that has the potential to be a total game changer for regulation of digital assets (also referred to broadly as "tokens"). And as it's bipartisan, co-sponsored by Reps. Darren Soto, D-Fla., and Warren Davidson, R-Ohio, it actually stands a realistic chance of passage after it is reintroduced in the new 116th Congress. The bill — dubbed the "Token Taxonomy Act" (H.R. 7356) — has been referred to the Committee on Financial Services and the Committee on Ways and Means....

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