US Congressman to Submit ICO Bill, Invites Crypto Leaders to Capitol Hill

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In advance of his plans to present an ICO-related bill to Congress this year, Republican representative Warren Davidson invited a select group of crypto heavyweights to Capitol Hill to discuss future legislation. Davidson, who represents Ohio’s 8th congressional district, gave the nod to 32 delegates of U.S. venture capital firms, cryptocurrency exchanges and non-profits—including Union Square Ventures, Ripple, Kraken, InterContinental Exchange and Nasdaq, according to documents obtained by Axios. The congressional forum, which takes place Sept. 25, will purportedly examine “light touch” regulation—which in June, Davidson said would dissolve some of the legal question marks currently hovering over cryptocurrencies and initial coin offerings (ICOs). Speaking to CNBC’s Squawk Box in June, Davidson stated: There’s been some concern as the SEC started to regulate that everything starts looking like a security to a securities regulator, and we want to make sure that the United States capital markets stay strong