US Congressman resubmits the token classification

On April 9, US Congressman Warren Davidson resubmitted the “Token Classification” to exclude tokens from US securities laws. Davidson said in a statement that the bill, if approved by Congress and signed into law, would send "strong messages" to innovators, "the United States is the best destination for blockchain technology." It is reported that the bill was first proposed by Congressmen Warren Davidson and Darren Soto last year to protect cryptocurrencies and other digital assets from federal securities laws, allowing individuals to trade more easily with specific tokens. The bill will amend the Securities Act of 1933 and the Securities Exchange Act of 1940, allowing regulators such as the SEC to have a clearer understanding of how to enforce securities laws around cryptocurrencies.