US Congress Takes Cryptocurrency Regulation Seriously

US Congress Takes Cryptocurrency Regulation Seriously

Two new bills have been introduced in the United States Congress as US lawmakers are finally exploring new blockchain regulations, price manipulations and a way to boost US competitiveness in the crypto world.

US Congressmen Warren Davidson and Darren Soto presented two bills to the Congress, the  H.R. 922 bill, Virtual Currency Consumer Protection Act of 2019, and the H.R. 923 bill, U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2019.

Both proposed bills seem to be part of an effort to improve regulatory framework at federal levels and to balance innovation and regulation in the cryptocurrency and blockchain industry.

There is a long way yet before the bills can become acting laws, but the proposals are a significant step made by US lawmakers on Federal levels to move the whole country to blockchain. 

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