Cryptocurrency Act of 2020
By Cryptomcmillan1 | Updated on May 24, 2020
The Cryptocurrency Act of 2020 is a bill which aims to clarify which federal agencies would regulate which type of crypto assets. It was introduced by Rep. Paul Gosar, a congressman from Arizona, United States of America.
Related Terms
Oracles
In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts.
ERC-20
ERC-20 is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens.
Initial Coin Offering (ICO)
Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
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