US Lawmakers Introduce Bill to Clarify Crypto Regulations

By Nikhilesh De – March 9, 2021 (CoinDesk)

Congress may soon try to clarify digital asset regulation in the U.S.

Reps. Patrick McHenry (R-N.C.) and Stephen Lynch (D-Mass.) introduced legislation Tuesday to create a working group composed of industry experts and representatives from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to evaluate the current legal and regulatory framework around digital assets in the U.S.

The three other co-sponsors of the bill are Glenn Thompson (R-Pa.), Ted Budd (R-N.C.) and Warren Davidson (R-Ohio).

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To read the full text of the legislation and follow its progress in Congress, visit the Legislation section of CryptoLaw’s Document Library here.