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US Legislators Reintroduce Token Taxonomy Act to Exclude Crypto From Securities Laws

Representatives in the United States House of Representatives have reintroduced the Token Taxonomy Act, according to a press release shared with Cointelegraph on April 9. The bill would exclude cryptocurrency from being classified as a security.The bill was initially proposed last December by Reps. Warren Davidson (R) and Darren

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Michigan House of Representatives Votes to Include Cryptocurrencies in Criminal Laws

The Michigan House of Representatives has passed a bill, HB 4102, on April 9 that would include cryptocurrencies in criminal codes regarding illegal actions for financial gain.Michigan lawmakers have voted to introduce amendments to various sections of the Michigan Penal Code, specifying that cryptocurrency would be included in provisions

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Russian Supreme Court Classifies Illicit Crypto Use Under Money Laundering Laws

The Russian Supreme Court has included the illicit use of cryptocurrencies in the list of criminal offences related to money laundering, local legal news site Pravo reported on Tuesday, Feb. 26.The court has introduced new amendments to the anti-money laundering (AML) decree issued in July 2015. These clarifications relate to

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Attorney: Don’t Hold Your Breath on Token Taxonomy Act That Exempts Crypto from Securities Laws

This past December, cryptocurrency investors were delighted to hear that lawmakers had put forth a bill – aptly dubbed the “Token Taxonomy Act” – that would change the Securities and Exchange Commission’s 72-year-old definition of securities in order to exclude crypto.If passed, this bill would entirely alter how the industry is

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Bill Exempting Non-Custodial Crypto Services From Certain Laws Reintroduced to Congress

A bill exempting companies providing non-custodial crypto services from certain state money transmitting laws has been resubmitted to the United States Congress. Data confirming this was published on the Congress’ official website on Jan. 14.The bill, titled “To provide a safe harbor from licensing and registration for certain non-controlling blockchain

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