After my post about crypto regulation last week it was great to read some good news from a regulatory perspective and this in the USA :)

I love the opening statement where they propose to protect digital currencies from interference from governments :)

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The basic features of the bill

According to the article the key focus of the bill will be to:

• They are proposing some specific minimum requirements to adhere to in order to be compliant
• Assist with making some crypto currencies to be accepted as official form of payment in addition to the dollar.
• More importantly the they propose to protect digital currencies from interference from governments :)

It really is an interesting read. You can read the full article, US Lawmakers Draft Bill Protecting Cryptocurrencies from Gov Interference here

I am busy with a series where I explain technical concepts in laymen's terms. Please let me know if you have a specific technical topic which you want explained in Laymen's terms.

Some of my other in Laymen's Terms Post.

ICO's or tokensales in Laymen's terms
Crypto Wallets in Laymen's terms
Smart Contracts in Laymen's terms
Artificial Intelligence in Laymen's terms
Blockchain and Digital Signatures - In Laymen's Terms
Trustless - What does it mean in laymen's terms?
Cyber Attacks explained in laymen's terms
Machine Learning - In laymen's terms
Internet of things and what it is in laymen's terms
Big data - What is it really about - In laymen’s terms
Some Technical Words explained in laymen's terms

Happy Steeming!

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