New US Bill Could Put Libra Under Securities Law

Crypto Intelligence Agency

6 months ago
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More and more, lawmakers and regulators have been forced to confront the creation of cryptocurrency-related laws and the fact that crypto and crypto-based assets are here to stay and while at the beginning of the industry there weren’t a lot of laws that directly addressed blockchain and cryptocurrency, this has since changed. One of the most significant occurrences in recent times that has pushed crypto law development is Facebook’s announcement of their upcoming Libra token as many lawmakers and financial institutions around the world have been forced to have discussions about cryptocurrency and its implications.

Now, it has been reported on November 21, 2019, that two lawmakers have put forward a bill that would put Facebook’s Libra token under the jurisdiction of the United States’ Securities and Exchange Commission.

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