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Congressional Crypto Roundtable: Panel Discusses Token Classification and Compliance for ICOs | | Cryptocurrency news. Breaking news on cryptocurrency.
Experts and executives from crypto businesses in the U.S. met in Washington to inform regulators about the main regulatory obstacles facing the industry. More than 45 representatives from major Wall Street firms and crypto companies took part in a meeting to discuss Initial Coin Offering (ICO) and cryptocurrency regulations in Washington D.C. September 25.The "crypto roundtable," hosted by Congressman Warren Davidson in the last legislative session week before elections, gave a chance for industry representatives to express their concerns regarding possible regulations of the crypto space. Namely, experts told lawmakers that there is a pronounced lack of regulatory clarity for ICOs and digital currencies.Roundtable participants discussed "token taxonomy," aiming to describe the existing uncertainty around the definition of ICO tokens, as well as the implied regulatory framework.Experts suggested principles for regulatory compliance and consumer protection, aiming to outline major