U. S- Crypto-Currency Act of 2020 to bring Regulatory Clarity

A U.S. lawmaker has reportedly introduced a draft bill dubbed “Crypto-Currency Act of 202 to bring regulatory clarity in the crypto sector.

The bill has divided cryptocurrencies into three parts – “crypto-commodities,” “crypto-currencies” and “crypto-securities” with a “federal crypto regulator” for each of the categories.

Earlier this year, U.S. lawmaker Warren Davidson reintroduced the Token Taxonomy Act, seeking to give cryptocurrencies a clearer legal standing in the U.S.

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