Colorado proposes new laws for cryptocurrencies
Two senators want to approve a project that states that the tokens used for personal consumption are exempt from the law of values
Recently, two legislators from Colorado, the United States, proposed a new law that aims to exempt cryptocurrencies and some tokens from securities laws.
Senators Stephen Fenberg and Jack Tate were in charge of presenting the bill entitled Colorado Digital Token Act.
The proposal states that the tokens used for consumption should be exempt from what is established in the securities law, as long as the digital currencies are not used for commercial, investment or speculation purposes.
Despite all this, there is still much uncertainty regarding the regulatory framework of cryptocurrencies. So far, senators have proposed this law in order to reduce it, and allow token companies and others related to that market to raise funds using their chips and cryptocurrencies.
“It will allow Colorado companies that use crypto-economic systems to obtain growth capital to help grow and expand their businesses, thus promoting the formation and growth of local businesses and the creation of employment that goes with it and helping make Colorado a center for companies that are creating new forms of platforms and ‘decentralized’ web applications 3.0“, exposes the official document.
K. Tovar
Source: Ihodl
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