News Explorer — House Republicans Propose Path for Digital Tokens to Transition From Securities to Commodities

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House Republicans Propose Path for Digital Tokens to Transition From Securities to Commodities

House Republicans in the U.S. Congress have released a draft bill to provide a path for digital tokens to transition from being treated as securities to commodities. The bill seeks to provide more flexibility and clearer guidelines for digital assets, and includes a definition of a decentralized network. Private sales of tokens for capital raises would still be allowed, and trading platforms would have a streamlined path to becoming registered with the SEC.