US Congressman Revamps Proposal To Legitimize Bitcoin And Crypto Assets
“On Monday, representative Paul Gosar (R-AZ) introduced the latest proposal that aims to give clarity and legitimacy to Bitcoin (BTC) and digital assets. The Crypto-Currency Act of 2020 is attempting to address a number of regulatory issues for cryptocurrencies.
Currently, the US has no comprehensive framework for cryptocurrencies to support related businesses, entrepreneurs or investors. The lack of clarity continues to cast some confusion over what a cryptocurrency is, how one may differ from another, and which US regulator should oversee Bitcoin versus Tether versus Ethereum. Gosar’s bill, an updated version of a proposal that leaked in December, attempts to answer these questions.”