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SB19-023

Cryptocurrency Exemption Colorado Digital Token Act

Concerning exemptions from the securities laws for cryptocurrencies, and, in connection therewith, enacting the "Colorado Digital Token Act".
Session:
2019 Regular Session
Subjects:
Business & Economic Development
Financial Services & Commerce
Professions & Occupations
Bill Summary

The bill provides limited exemptions from the securities registration and securities broker-dealer and salesperson licensing requirements for persons dealing in digital tokens. "Digital token" is defined as a digital unit with specified characteristics, secured through a decentralized ledger or database, exchangeable for goods or services, and capable of being traded or transferred between persons without an intermediary or custodian of value.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. S. Fenberg, Sen. J. Tate
Rep. T. Kraft-Tharp

Sponsor

Co-sponsor

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