Paul Gosar is an American politician who serves as the U.S. Representative for Arizona’s 4th congressional district since 2013. In 2010, he won the election to represent the neighboring 1st congressional district until redistricting. And recently, he has finally introduced to the public a draft of the “2020 Cryptocurrency LAW Act”. This was announced in the United States to provide more clarity in the crypto market.
Paul Gosar, a congressman from the United States, is the latest politician to work in favour of the crypto world. He realized his statement by presenting the most recent “2020 Cryptocurrency Act”. Supposedly, this has the objective of creating a favorable environment for our favorite digital assets in the country.
Cryptocurrency Law
An environment plagued by uncertainty is not healthy for any market, less for one that is in its growth stage. Despite the fact that cryptocurrencies are beginning to get the popularity they deserve in the world, they are still in their infancy.
There are few countries that have managed to establish an adequate regulatory framework. Similarly, there are not many countries with a cryptocurrency law for the crypto market. In fact, the United States currently does not have a comprehensive framework for cryptocurrencies that can support companies, entrepreneurs or investors.
The lack of clarity generates a notorious confusion in the market. Many people are questioning about what is a cryptocurrency law and which regulatory body in the country will be in charge of supervising Bitcoin (BTC), Ethereum (ETH) or Tether (USDT). Also, there is an important question about how investors prevent the proper development of the market.
If you are interested on reading more about the situation in the cryptocurrency market, and how it affects many of the current cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) or Tether (USDT), we highly recommend to visit this link:
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
