Republican Congressman Warren Davidson, a huge proponent of Bitcoin and blockchain, plans to introduce federal legislation that will regulate initial coin offerings (ICO) and cryptocurrencies. 😊

The bill would create an “asset class” for tokens, which would prevent them from “being classified as securities, but would also allow the federal government to regulate ICOs more effectively.” 👌

In Washington D.C., there have already been activity to promote the mainstream adoption of cryptocurrencies. In September this year, Republican Congressman Tom Emmer introduced 3 bills that will support the development of crypto and blockchain - Blockchain Regulatory Certainty Act, Safe Harbor for Taxpayers with Forked Assets Act and the Resolution Supporting Digital Currencies and Blockchain Technology. 💪

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