RATE Group | Three Pro-Cryptocurrency Bills to Be Introduced to Congress
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Three Pro-Cryptocurrency Bills to Be Introduced to Congress

23 Sep Three Pro-Cryptocurrency Bills to Be Introduced to Congress

Posted at 00:51h in Cryptocurrency News by

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Three pieces of legislation will be brought before Congress by the co-chair of the Congressional Blockchain Caucus. Their intent is to streamline the growing industry by introducing concise and transparent guidelines for businesses and investors, while also providing a safe harbor for taxpayers who use cryptocurrencies.   

Accelerating the Development of Blockchain Tech

Congressman Tom Emmer (R-MN) announced September 21 that he will be introducing three bills aimed at supporting blockchain technology and digital currencies.

In an official release, the Congressman said:

The United States should prioritize accelerating the development of blockchain technology, and create an environment that enables the American private sector to lead on innovation and further growth, which is why I am introducing these bills.

Emmers also asserted that legislators ought to be working towards embracing the emerging technologies as, well as providing a regulatory system which allows them to further…

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