On September 24, 2020, U.S. Rep. Tom Emmer (R-Minn.) introduced a bill called the Securities Clarity Act which is designed "to provide a path to regulatory certainty for digital assets and other emerging technologies under securities law.” In a CoinDesk article entitled The Securities Clarity Act Is Simple and Logical (and Bad News for Lawyers Like Me), Attorney Grant Gulovsen of Gulovsen Law Office explains why he believes the Securities Clarity Act deserves support from the crypto community at large.
Following the legal one-two punch suffered by crypto over the past few weeks (i.e., the ... Kik decision and the filing of federal charges against BitMEX for attempting to evade U.S. regulations), our industry desperately needs clarity and this bill, if adopted, would go a long way in achieving that.
Grant Gulovsen in CoinDesk
You can read the full article here: https://www.coindesk.com/securities-clarity-act-bad-news-for-lawyers
Posted from Gulovsen Law Office: https://gulovsen.io/securities-clarity-act/