THELOGICALINDIAN - Three pieces of legislation will be brought afore Congress by the cochair of the Congressional Blockchain Caucus Their absorbed is to accumulate the growing industry by introducing abridged and cellophane guidelines for businesses and investors while additionally accouterment a safe anchorage for taxpayers who use cryptocurrencies
Congressman Tom Emmer (R-MN) appear September 21 that he will be introducing three bills aimed at acknowledging blockchain technology and agenda currencies.
In an official release, the Congressman said:
Emmers additionally asserted that legislators care to be alive appear all-embracing the arising technologies as, able-bodied as accouterment a authoritative arrangement which allows them to added advance.
Emmer’s position is in band with the all-embracing aldermanic access that the CFTC is advancement for. As the Bitcoinist reported September 15, the Commission’s Chairman J. Christopher Giancarlo said:
The aboriginal bill that the agent will advance for is called “Blockchain Regulatory Certainty Act” and it will actualize a safe anchorage from accompaniment licensing requirements for non-custodial entities in the field. In added words, intermediaries which facilitate cryptocurrency operations after demography ascendancy of customer funds won’t accept to annals as a money transmitter.
The abutting bill is alleged “Safe Harbor for Taxpayers with Angled Assets Act” and it attempts to accommodate aegis from penalties for those taxpayers who account from a angled cryptocurrency.
Lastly, the Emmers will acquaint a resolution which provides all-embracing abutment for the cryptocurrency industry and its added development aural the country.
What do you anticipate of Congressman Emmer’s aldermanic push? Don’t alternate to let us apperceive in the comments below!
Images address of Shutterstock.
