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- H.R.1628
H.R.1628: Token Taxonomy Act of 2021
About This Bill
- Introduced March 8, 2021
- Latest Major Action March 8, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (3 Democrats, 3 Republicans)
Bill Version
- Introduced in House - March 8, 2021
Bill Summary
Token Taxonomy Act of 2021 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, retroactive to January 1, 2021.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 8, 2021 |
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.
|
| March 8, 2021 |
Introduced in the House by Warren Davidson (R-Ohio) |