Congressman Tom Emmer has proposed re-introducing a bill that would reduce existing red tape surrounding cryptocurrencies. The bill, titled the "Crypto-Currency Act of 2020," seeks to create a regulatory framework for digital assets and bring clarity to the U.S. government's approach to cryptocurrencies. If the bill is passed, it could potentially open the door for greater investment opportunities in the crypto space. The bill also includes provisions for consumer protection, anti-money laundering, and taxation. Emmer believes that introducing this legislation will help the U.S. maintain its position as a leading financial technology hub.
Source: Cointelegraph