Don't Call It A Comeback: With Two Bills, U.S. Lawmakers Aim To Give New Life to Non-Security Tokens

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With 2 bills, U.S. lawmakers aim to give new life to non-security tokens

originally introduced in the 115th Congressional Session by Representative David Schweikert and Representative Jared Polis , Like Long, Greg Strong, a partner at DLx Law, expects significant opposition from state securities regulators, whom he says “will argue that preempting critical regulatory functions will put retail and other investors at greater risk because they will not have access to the information needed to make informed investment decisions.

Brett, a Board Advisor for the Wall Street Blockchain Alliance and Founder of the Value Technology Foundation, says that the Bills signal to entrepreneurs that, “if you are contemplating doing a token sale [….] for a blockchain project, do not leave the United States” and “that the U.S. is friendly to blockchain and cryptocurrency.”

 

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I have been of the opinion that both utility and security tokens will have their place, I hope the regulation will make it happen blockchain $btc $eth $dusk $wabi

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