Bloomberg Law
Jan. 13, 2020, 11:38 AM

ANALYSIS: A Crypto-Currency Act of 2020? You Cannot Be Serious!

Robert Kim
Robert Kim
Legal Analyst

An eventful 2019 for the cryptocurrency field ended with widespread talk in late December about the potential for a federal law defining categories of crypto-assets and specifying the federal regulatory agencies authorized to regulate them: a Crypto-Currency Act of 2020. The discussion draft of this bill circulated in December cannot be considered a serious legislative attempt yet, however, because it displays a lack of basic understanding of the relevant federal laws and regulatory agencies.

The Crypto-Currency Act of 2020

The not yet introduced House bill follows a previous attempt to address specific issues related to digital currency, the Token ...

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