A draft bill introduced by Arizona Congressman Paul Gosar would assist to crypto regulation by providing clarity regarding various aspects of the crypto industry. Crypto regulation in the US As per Forbes’ report, the Crypto-Currency Act of 2020 would outline the laws regarding digital assets and lay down a guideline for law enforcers on how to regulate various types of crypto assets. The bill divides crypto assets into three categories; crypto-currencies, crypto-securities and crypto-commodities. The bill includes a definition for each type of asset that would allow law enforcing agencies to regulate them. Crypto-currencies are defined as the crypto representation
