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H.R. 7356 (115th): Token Taxonomy Act

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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

Warren Davidson

Sponsor. Representative for Ohio's 8th congressional district. Republican.

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Last Updated: Dec 20, 2018
Length: 10 pages
Introduced
Dec 20, 2018
115th Congress, 2017–2019
Status
Died in a previous Congress

This bill was introduced on December 20, 2018, in a previous session of Congress, but was not enacted.

Source

History

Dec 20, 2018
 
Introduced

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.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 7356 — 115th Congress: Token Taxonomy Act.” www.GovTrack.us. 2018. July 17, 2019 <https://www.govtrack.us/congress/bills/115/hr7356>

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