To amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude digital tokens from the definition of a security, to direct the Securities and Exchange Commission to enact certain regulatory changes regarding digital units secured through public key cryptography, to adjust taxation of virtual currencies held in individual retirement accounts, to create a tax exemption for exchanges of one virtual currency for another, to create a de minimis exemption from taxation for gains realized from the sale or exchange of virtual currency for other than cash, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for Ohio's 8th congressional district. Republican.
Last Updated: Dec 20, 2018
Length: 10 pages
115th Congress (2017–2019)
This bill was introduced on December 20, 2018, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
1 Cosponsor (1 Democrat)
What legislators are saying
“Congressmen Darren Soto, Warren Davidson Introduce ICO Fix for Businesses, Consumers”
— Rep. Darren Soto [D-FL9] (Co-sponsor) on Dec 21, 2018
Dec 20, 2018
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 7356 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 7356. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2022). H.R. 7356 — 115th Congress: Token Taxonomy Act. Retrieved from https://www.govtrack.us/congress/bills/115/hr7356
“H.R. 7356 — 115th Congress: Token Taxonomy Act.” www.GovTrack.us. 2018. September 27, 2022 <https://www.govtrack.us/congress/bills/115/hr7356>
Token Taxonomy Act, H.R. 7356, 115th Cong. (2018).
|title=H.R. 7356 (115th)
|accessdate=September 27, 2022
|author=115th Congress (2018)
|date=December 20, 2018
|quote=Token Taxonomy Act
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