A proposed bill that aims to stop any large tech company launching a crypto coin is surely going to fail.
It proposes that large tech companies cannot issue coins or token to transfer value.
What if an oil company eg Shell or BP come out with a loyalty coin, what if an online reseller like Amazon comes out with a coin? What about a coin that rewards users for sharing content, like BTT from Tron?
Reactionary legislation is doomed to failure, but what it does indicate is the banking cartel that wants to control the distribution of value tokens (aka 'money') are currently scared of losing control.
Time will tell
