Representative Patrick McHenry (R-NC) has proposed the Clarity for Digital Tokens Act of 2021, which would provide legislative backing to SEC Commissioner Hester Pierce’s “safe harbor” approach to crypto. This would create a pathway for crypto companies to launch their own token sales without having to worry about existing securities legislation at the federal level in the United States.
Source: Congressman Submits Bill to Give Safe Harbor to Crypto Startups Selling Tokens – Decrypt