U.S. Congressman Warren Davidson (R-OH), has reintroduced the Token Taxonomy Act. The bill was previously floated in 2018 and 2019 but failed to see the light of day under the Trump administration. If it makes it this time around, altcoins will be exempted from U.S. securities law and crypto-to-crypto transactions will no longer attract taxes.
Source: Congressman Warren Davidson Re-Introduces Token Taxonomy Act 3.0