Token Taxonomy Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 20, 2018)
Token Taxonomy Act
This bill specifies that digital tokens, such as those used in virtual currencies, are not securities for regulatory purposes. The bill also provides for the tax treatment of virtual currencies, including by excluding from gross income any gains from virtual currency transactions up to $600.
What just happenedDec 20, 2018
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Who’s behind it
- Introduced in HouseDec 20, 2018
- Dec 20, 2018IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ways and Means Committee - Dec 20, 2018IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Financial Services Committee - Dec 20, 2018IntroReferralIntro-H
Introduced in House
- Dec 20, 2018IntroReferral1000
Introduced in House