U.S. Congressman Paul Gosar, Republican of Arizona’s 4th district, introduced the bill, which intends to bring regulatory clarity to the cryptocurrency sector. It classifies crypto assets as either “crypto-commodities,” “crypto-currencies” or “crypto-securities,” to be overseen by the CFTC, the SEC, and FinCEN, respectively. The move comes the same day as a bipartisan group of eight U.S. lawmakers wrote a letter to the IRS requesting that the agency clarify its policy on tokens received from airdrops and forks.