XRP Crypto Regulatory Clarity - TOKEN TAXONOMY ACT - Live with guest Rep. Warren Davidson
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XRP - TOKEN TAXONOMY ACT 2021 - Crypto Regulatory Clarity - with Rep. Warren Davidson
\\n\\nREP. WARREN DAVIDSON
\\n\\nOhio - 8th Congressional District
\\n\\nPrimary Sponsor of the Token Taxonomy ACT
\\n\\nHouse Website
\\n\\n\\n\\nToken Taxonomy ACT 2021 - HR 1628
\\n\\nhttps://www.congress.gov/bill/117th-c...
\\n\\nFinancial Services and Ways & Means Committees
\\n\\nSummary Token Taxonomy ACT 2021:
\\n\\nTo 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.
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