The U.S Representative Tom Emmer is reportedly looking to pass a law, which aims to properly regulate crypto-related matters in the country. 

Specifically, on October 24, Congressman Tom Emmer – currently the Ranking Member of the House Financial Services Committee’s Task Force on financial technology – revealed that he aims to push out a new law, which can offer regulatory clarity for the crypto scene, along with different other techs, under the securities legislation. 

Specifically, any securities law-compliant businesses, or firms that managed to obtain a securities exemption, would now be granted assets distribution free from any other laws, with the introduction of the new bill. 

Particularly, any firms that are compliant with any required licensing demanded by the US SEC, will now be exempted from numerous enforcement initiatives carried out by the department. 

“Companies that have followed our current rules of the road, even if convoluted, deserve the certainty that they can offer their digital asset to the public and help contribute to a truly decentralized network. I am hopeful this non-partisan legislation will receive strong support and help ensure investment in the United States for these extraordinary technologies.” Emmer claimed. 

Previously in July this year, Emmer has rolled out his Safe Harbor for Taxpayers with Forked Assets bill in the House of Representatives again, in an attempt to further the development of blockchain across the nation, via abandoning excessive tax-related challenges for companies.