XRP - TOKEN TAXONOMY ACT 2021 - Crypto Regulatory Clarity - with Rep. Warren Davidson
Ohio - 8th Congressional District
Primary Sponsor of the Token Taxonomy ACT
https://davidson.house.gov/
Token Taxonomy ACT 2021 - HR 1628
https://www.congress.gov/bill/117th-c...
Financial Services and Ways & Means Committees
Summary Token Taxonomy ACT 2021:
To amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude digital tokens from the definition of a security, to direct the Securities and Exchange Commission to enact certain regulatory changes regarding digital units secured through public key cryptography, to adjust taxation of virtual currencies held in individual retirement accounts, to create a tax exemption for exchanges of one virtual currency for another, to create a de minimis exemption from taxation for gains realized from the sale or exchange of virtual currency for other than cash, and for other purposes.
https://otc.one/buy-us-a-coffee
SUBSCRIBE TO THE OTC PODCAST:
Subscribe to our other Youtube Channel:
http://www.youtube.com/c/OnTheChain
https://twitter.com/on_the_chain
Join our FREE Telegram Roundtable channel:
https://t.me/onthechain_roundtable
https://twitter.com/thehodlreview
https://twitter.com/stephenchip
All opinions expressed by content contributors that appear on OTC are solely expressing their opinions and do not reflect the opinions of OTC, its affiliates, or sponsors. Content contributors may have previously disseminated information on a social media platform, website, or another medium such as a podcast, television, or radio.
OTC, Content Contributors, Affiliates, or Sponsors are not obligated to update or correct any information. The content contributors are sharing the information which they believe to be reliable. OTC, its affiliates, or sponsors cannot guarantee the accuracy of the opinion shared, and viewers, readers, and listeners should not rely on it.
Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. It is imperative that before you invest in anything you research before investing. Do not invest based on what someone else is doing or not doing, or based on other people’s opinions.