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Regulatory Inaction Will Drive Crypto Cos. Abroad, Rep. Says

By Rachel Graf ( June 19, 2019, 9:01 PM EDT) -- Facebook's decision to base its planned cryptocurrency in Switzerland rather than the U.S. could be the start of a bigger trend if Congress keeps stalling on legislation, an Ohio representative who co-authored a bill that seeks to exclude digital tokens from the statutory definition of a security said during a House hearing Wednesday....

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