The newly elected co-chair of the Congressional Blockchain Caucus, U.S. Representative Tom Emmer, has introduced a trio of blockchain-focused bills in support of the development and use of blockchain technology and digital assets. According to an official announcement, the bills focus on fostering government support for the blockchain space, clarifying money transmitter regulations and devising a tax scheme for hard forked assets.A statement from Emmer reads in part:“The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth.”He went on to add that legislators need to do more by “embracing emerging technologies” and providing the regulatory framework needed for these technologies to succeed in the U.S.Resolution Supporting Digital Currencies and Blockchain TechnologyThe first bill expresses support for blockchain technology and calls for a “light-touch regulatory approach” so it can flourish. The bill also highlights some of the benefits of blockchain technology and cryptocurrencies, such as how it enables value transfer between users and the provision of financial services to those underserved by the traditional financial sector.Blockchain Regulatory Certainty ActThe second bill focuses on cryptocurrency miners, and clarifies who needs to register as a money transmi... For Further Information Click on Below Button