Even as various governments across the world show mixed responses to the emerging field of cryptocurrency and blockchain, the US may just take a step towards embracing the domain, as Congressman Tom Emmer plans to introduce three bills in favor of it, titled “Resolution Supporting Digital Currencies and Blockchain Technology,” “Blockchain Regulatory Certainty Act,” and the “Safe Harbor for Taxpayers with Forked Assets Act.”, as per the press release from his office.
Speaking about the same, Emmer noted that:
“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. Legislators should be embracing emerging technologies and providing a clear regulatory system that allows them to flourish in the United States.”
The bills aim to reduce regulations on crypto-miners and blockchain-based companies (that do not deal with user crypto assets) so that they can operate with lesser restrictions upon them while enjoying a “simple legal environment”...To continue reading click here.
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