A new draft law to regulate the cryptocurrencies in the united States was filed in the House of Representatives of the Congress. The proposal of the legislator Paul Gosar would divide the cryptocurrencies in three categories and establish the figure of the Federal Regulatory Assets or Digital Federal Regulatory Cryptocurrencies.So-called “Law of cryptocurrencies 2020”, the potential regulation establishes that bitcoin and the rest of the criptoactivos will be discriminated against as a cryptocurrencies, criptoproductos and criptovalores.The new authority that would govern the criptoeconomía in this country would be made up of three federal agencies: the Commission of Trade of Future Goods (CFTC), the Securities and exchange Commission (SEC) and the Enforcement Network Financial Crimes (FinCEN), according to a copy of the proposal to which he gained access to Forbes.The field of the cryptocurrencies defined in the document as representations of the currency of the united States or “synthetic derivatives” that rest on a blockchain or ledger decentralized. At this point there are two sections: the first makes reference to the stablecoins, while the second refers to “synthetic derivatives” that are determined by oracles, decentralised or contracts smart.For the legislator, the criptoproductos goods are those goods or services have economic a fungibility total, or substantial, whose markets are treated without regard to who produced the goods or services and those that rest on a blockchain.In connection with the criptovalores, congressman the lists like all debt instruments, equity and derivative instruments that rest on a blockchain or ledger decentralized.On this point, Jason Brett, exregulador Corporation Federal Deposit Insurance (FDIC) and the author of the article from Forbes, noted that there is an exception for derivatives that are operating and registered in the Department of Treasury as a business of money services. In this case it operates on the basis of the Bank Secrecy Act, which also covers the policies anti-money laundering, anti-terrorism, and discoveries of the Office of Foreign Assets Control and the Enforcement Network Financial Crimes.The draft law also notes that the secretary of the treasury shall be empowered to issue rules that permit to track the transactions of the cryptocurrencies and the people who carry out such operations, an aspect similar to as if they were bank transfers.
Regulation on doors
Legislators and federal agencies of the united States have an eye on the cryptocurrencies from several years ago, not as a way to eliminate them, but as a process to establish rules on its uses and implications in the local economy.For the CFTC, bitcoin and other cryptocurrencies are not a new form of money, but that they are products or goods that fall under the definition of commodities. The agency has also placed special interest on the blockchain of Ethereum and its criptomoneda associated, ether.For its part, the SEC is the agency that is most active is maintained in connection with the audit of cryptocurrencies, the ICO and tokens. In the past, the commission has issued fines for initial offerings of coins is not authorized, but it has also disseminated guidelines on the marketing of digital assets.A draft law to regulate the cryptocurrencies was also introduced in the u.s. congress in October 2017, which generated reactions in the Foundation Bitcoin, due to its possible approval would leave in limbo dozens of companies that make life in the criptoecosistema.