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US lawmaker proposes safe harbor for digital tokens in new bill By Cointelegraph


North Carolina House Representative Patrick McHenry introduced a bill to amend the Securities and Exchange Commission law in order to create a safe harbour for token projects.

In a draft of the “Clarity for Digital Tokens Act of 2021” ProvidedMcHenry, a member of the House Committee on Financial Services suggested that the Securities Act of 1933 be amended to provide a safe harbour for token developers. His proposal was to allow projects to offer tokens, without the need to register for at least three years. Teams would then have the possibility to form a completely decentralized network.