Representative Tom Emmer has reintroduced a bill to provide legal certainty for blockchain.
He initially backed a similar initiative in 2019. At that time Emmer introduced three pieces of legislation, including a Resolution in support of digital currencies and blockchain technology, as well as the Defining Tax Regulation in the Context of Forks and Airdrops Act.
The new version of the bill is designed to shield blockchain companies that do not custody customer funds from potentially burdensome regulation.
«Miners and providers of multisignature, should not register as money services operators, since they do not hold customer funds», — заявил Эммер.
As noted in August, the Senate sent to the House a bill funding infrastructure spending with industry-unfriendly formulations. The definition of ‘broker’ mentioned therein applies not only to exchanges or digital-asset marketplaces but also, for example, to miners, validators and wallet developers.
Earlier, Representative Anna Eshoo, in an open letter, urged Speaker Nancy Pelosi to amend the cryptocurrency taxation provisions in the infrastructure bill.
Representatives Patrick McHenry and Glenn Thompson called on the Securities and Exchange Commission and the Commodity Futures Trading Commission to form a joint working group on digital assets with market participants to forge a compromise between regulation and innovation.
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