Congress Members Seek to Exclude Cryptocurrencies from the Definition of a Security

Congress Members Seek to Exclude Cryptocurrencies from the Definition of a Security
фото показано с : btcmanager.com

2018-12-25 20:00

Regulatory clarity on the legal status of cryptocurrencies may arrive sooner than expected after two members of the U. S. Congress proposed a bill to exempt digital tokens from the definition of traditional securities, reported CNBC on December 20, 2018.

Crypto not a Security The proposed bill excludes digital currencies from the decades-old definition of a security; which applies to a. . . Read More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News.

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Two congressmen propose to exclude digital currencies from definition of a security

On Thursday, two congressmen introduced a bill that would exclude digital currencies from the decades-old definition of a security, CNBC reported. The legal definition might seem like an insignificant change, but it has become a heated issue for those in the industry who say the law is outdated for a digital asset class. The “Token […]

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Ripple has found itself in the center of huge controversy, the cryptocurrency regulation debate in the US hit Ripple, with claims that XRP is a security. While the company has consistently argued against it, there seems no denying that the standard Securities and Exchange Commission (SEC)’s definition when used in the crypto market, will hurt […] Ripple Introduces XRP Ledger (rippled) Version 1.

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