Ohio Congressman Warren Davidson plans to introduce a bill that would allow ICOs to “sidestep” U.S. securities laws

Warren Davidson, the Congressman from Ohio has stated that he is aiming to introduce a bill that will remove cryptocurrencies from the SEC’s jurisdiction.

Davidson is known for his pro-crypto stance, recently meeting with representatives of prominent members of the crypto industry to discuss legislation. He is a member of the House Committee on Financial Services, responsible for securities, insurance banking and housing among other sectors.

The congressmen has yet to announce his co-sponsors for the bill, and hopes to get bi-partisan support, having to run it past a Democratic House and Republican Senate and Executive.

Also read: Malaysian lending giant CIMB Group Holdings Bhd has joined Ripple’s cross-border payments network RippleNet

Source: https://www.cryptodigest.com/featured/congressman-to-eliminate-sec-jurisdiction-from-crypto/