U.S. House · 117th Congress · H.R. 1628

Token Taxonomy Act of 2021

To amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude digital tokens from the definition of a security, to direct the Securities and Exchange Commission to enact certain regulatory changes regarding digital units secured through public key cryptography, to adjust taxation of virtual currencies held in individual retirement accounts, to create a tax exemption for exchanges of one virtual currency for another, to create a de minimis exemption from taxation for gains realized from the sale or exchange of virtual currency for other than cash, and for other purposes.

Sponsor

Warren DavidsonR-OH-8

Introduced

March 8, 2021, in the House

Issue areas

• Economy and finance

Policy area

Finance and Financial Sector (from the Congressional Research Service)

Full text and actions

congress.gov