According to Cointelegraph, on March 9th, US Congressman Paul Gosar introduced the Crypto-Currency Act of 2020, which aims to clarify the corresponding regulators to regulate a series of crypto assets. Paul Gosar legislative assistant Will Stechschulte said the bill would not only provide clarity for US crypto assets but also provide legitimacy. Paul Gosar proposes to divide digital assets into three categories: crypto commodities, cryptocurrencies and crypto securities. These three types of institutions are overseen by the US Commodity Futures Trading Commission (CFTC), the Financial Crimes Enforcement Network (FinCEN), and the US Securities and Exchange Commission (SEC). Prior to December 2019, Forbes had published an article "Congress considers the federal password regulator in the new 2020 cryptocurrency bill" and gave a brief introduction to the bill.