Crypto-Currency Act of 2020 Introduced By US Congressman Paul Gosar – Cryptocurrency Reg…

US Congressman Paul Gosar has been hard at work to clarify where cryptocurrencies stand in the United States.

To throw more light on the different forms of digital assets, he has put forward the Crypto-Currency Act of 2020.  A bill designed to clearly regulate the crypto industry and allow regulators to validate crypto assets in the United States.

The US digital asset regulatory space has been a mumble jumble of a lot of half baked regulations so far. With Nasdaq’s former CEO referring to regulators as “slower than erosion”. According to Andrew Yang, most cryptocurrency regulations available today were formed from outdated judicial precedents. And the US digital assets space needs a fresh set of well-drafted regulations.

Gosar on March 9, published what he calls the “Crypto-Currency Act of 2020”. Designed to not only provide clarity but also legitimize crypto assets in the United States.

According to the bill, digital assets can be classified into three types:…