Tuesday, 12 November 2019

The US Congress will consider three draft laws on the regulation of technology of blocking and crypto-currency

Representative of the US House of Representatives Tom Emmer plans to present in Congress three new draft laws aimed at supporting the technology of blocking and crypto-currency.
The three forthcoming bills are entitled:

- Resolution of support of digital currencies and technology of blocking
- Act of legal certainty of regulation of the block 
- Safe harbor for taxpayers with digital assets that survived the fork

The main focus of the new draft laws is on supporting and developing blocking technology, as well as creating a safe environment for taxpayers with "forged" digital assets.

According to Emmer, "taxpayers will be able to comply with the law only when it is transparent and clear for citizens." The representative further commented on this initiative:

"UNITED STATES MUST PRIORITATE ATTENTION TO ACCELERATING THE DEVELOPMENT OF BLOKKEEN TECHNOLOGY AND CREATION OF CONDITIONS WHICH ALLOW THE AMERICAN PRIVATE SECTOR TO USE INNOVATIONS AND TO PROMOTE THE FUTURE GROWTH, THEREFORE I AND REPRESENT THESE LAWS."

It should be noted that Emmer also holds the position of co-chairman of the faction of deputies supporting the technology of distributed registries. The faction believes in a practical approach to the regulation of crypto-currencies, which allows technology to evolve in the same way as the Internet - independently .


source: loc.gov
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