US Federal and State legislators propose exempting certain digital tokens from securities laws

On January 4, 2019, two Colorado senators introduced the “Colorado Digital Token Act,” a bill seeking to exempt digital tokens and cryptocurrencies from certain Colorado state securities laws. In filing the Colorado Digital Token Act, the senators proposed that digital tokens with a “primarily consumptive purpose” that are not marketed to be used for “speculative or investment purposes” should be exempt from certain state securities laws. The overall purpose of the proposed Colorado Digital Token Act is to reduce the “regulatory uncertainty” regarding digital tokens and cryptocurrencies. In so doing, the bill hopes to benefit Colorado businesses that use crypto-economic systems to operate blockchain technology-based business models to obtain the growth capital they need to further develop such model. The proposed bill declares that it can ultimately promote the “formation and growth of local companies and the accompanying…

Read more detail on Recent Banking and Finance Law posts –

Legal notice about the US Federal and State legislators propose exempting certain digital tokens from securities laws rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to US Federal and State legislators propose exempting certain digital tokens from securities laws?

This entry was posted in Banking and Finance law and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply