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The Senate of Colorado is currently examining a new bill to exclude cryptocurrencies from some securities laws, confirm the documents released on January 4.
A bipartisan effort sponsored at the Senatorial level by Republican Jack Tate and Democrat Steve Fenberg, the "Colorado Digital Token Act" aims to offer extra limited freedom for cryptocurrencies and traders.
The move comes when local regulators repress illegitimate offers in the sector in an attempt to formalize the local landscape.
"The bill includes limited exemptions from the registration of securities and licensing requirements for financial intermediaries and sellers for people who deal with digital tokens," reads a summary of the proposals. Keep it going:
"& # 39; Digital Token & # 39; is defined as a digital unit with specific characteristics, protected by a decentralized registry or database, exchangeable for goods or services, and able to be exchanged or transferred between people without an intermediary or depository of value. "
A previous effort that governed the identity of the token – which would have clarified if such digital tokens were titles – was overthrown by the Senate in May of last year.
At the same time, the legislators seem confident that attitudes towards the crypt and the blockchain are increasingly enlightened.
"Blockchain technology has the potential to create new forms of decentralized" 3.0 "platforms and applications that have advantages over current centralized Internet platforms and applications," the bill continues elsewhere, noting:
"Colorado has become a hub for companies and entrepreneurs looking to use cryptographic systems to power business models based on blockchain technology."
The United States as a whole remains a patchwork jurisdiction for such legislation, with some of the more stringent regulations such as New York's BitLicense which continues to provoke a reaction from the companies in the sector.
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