TokenSoft operations director talks about "Cryptocurrency Act 2020": Concise classification could be fatal flaw

According to CoinDesk, Lawson Baker, TokenSoft's head of operations and general counsel, commented on the "Crypto-currency Act of 2020" proposed by Rep. Paul Gosar: "While the bill is reasonable on the surface, A closer look reveals that its concise classification can be a fatal flaw. "A legal analyst at Bloomberg expressed roughly the same view, saying that the first draft of the bill" shows a lack of basic understanding of the relevant federal laws and regulatory agencies ".