RATE Group | U.S. Lawmaker Introduces 3 Pro-Cryptocurrency Bills to Congress
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U.S. Lawmaker Introduces 3 Pro-Cryptocurrency Bills to Congress

21 Sep U.S. Lawmaker Introduces 3 Pro-Cryptocurrency Bills to Congress

Posted at 23:26h in Cryptocurrency News by

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Congress cryptocurrency blockchain

On Friday, Sept. a U.S. member of Congress announced that he will introduce three new bills aimed at supporting the development of blockchain technologies, as well as the use of cryptocurrency, within the United States.

Rep. Emmer: U.S. Must Support Blockchain Development

According to Rep. Tom Emmer (R-MN), the initiator of this bold move, the U.S. needs to pass favorable legislation to the burgeoning blockchain industry if it hopes to remain a leader in this space.

“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.”

Overall, the new legislation will support the rapidly growing blockchain industry within the U.S. by providing clear and concise guidelines for investors companies, and businesses, as well as a safe harbor for taxpayers using cryptocurrency assets.

Rep. Emmer, who has…

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