• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2018 / December / 21 / Lawmakers look to change SEC’s 72-year-old securities definition to exclude cryptocurrencies

Lawmakers look to change SEC’s 72-year-old securities definition to exclude cryptocurrencies

By Securities Docket on December 21, 2018, 8:52 am

Two congressmen are introducing a bill Thursday that would exclude digital currencies from the decades-old definition of a security. 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might seem like an insignificant change, but it has become a heated issue for those in the industry who say the law is outdated for a digital asset class.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 Taxonomy Act” — a bipartisan effort by Reps. Warren Davidson, R-Ohio and Darren Soto, D-Fla. — defines a “digital token” and clarifies that securities laws would not apply to cryptocurrencies once they become a fully functioning network.

via Lawmakers look to change SEC’s 72-year-old securities definition to exclude cryptocurrencies.

Blog Widget by LinkWithin

Posted in SEC, Top | Tagged Cryptocurrency, US Congress

« Previous Next »

‘Enforcement 40’ for 2020

Securities-Docket_Medium-Rectangle_CaseStudyArrow

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.