The Token Taxonomy Act was introduced at the US Congress’ 115th session in December. The bi-partisan bill aimed to amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude *digital tokens from the definition of a security,* as well as exempt digital tokens from the registration and reporting requirements of Section 5 of the 1933 Act. Since Congress ended its 2018 session without the bill being passed, the bill will need to be reintroduced in order to be considered.
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