US Lawmaker Proposes Safe Harbor Bill, Echoing SEC Commissioner Peirce

Posted on by American Coins & Gold

US Lawmaker Proposes Safe Harbor Bill, Echoing SEC Commissioner Peirce
A top Republican in the House of Representatives is looking to make it easier for crypto startups to raise funds without running afoul of U.S. securities law.Rep. Patrick McHenry (R-N.C.), the ranking member on the House Financial Services Committee, unveiled a safe harbor bill on Tuesday ahead of a committee hearing with Securities and Exchange Commission Chair Gary Gensler.The “Clarity for Digital Tokens Act of 2021″ would effectively codify SEC Commissioner Hester Peirce’s Token Safe Harbor proposal, a pitch the regulator made in 2020 and 2021 to create a pathway for crypto startups to launch token sales to fund their…