2908DD46A5D1ECE38725827F007E251E Hearing Summary

PUBLIC
BILL SUMMARY For HB18-1220

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Apr 30, 2018
Location SCR 354

HB18-1220 - Postponed Indefinitely

Attachment Tag

File Name

Attachment E

04:57:54 PM

The committee came back to order. Senator Tate introduced House Bill 18-1220, concerning regulation of cryptocurrency. The bill defines terms related to cryptocurrency exchanges and excludes cryptocurrency activity from the definition of an investment contract.

05:00:15 PM

David Cheval, Division of Banking, Department of Regulatory Agencies, spoke in opposition to the bill.

05:03:31 PM

Sean Clifford, Colorado Attorney General's Office, spoke in opposition to the bill.

05:03:56 PM

Marguerite Salazar, Executive Director, Department of Regulatory Agencies, spoke about the bill. She responded to questions from the committee.

05:10:06 PM

Mr. Cheval responded to questions from the committee.

05:13:28 PM

Krista Pontius, Bull Pay, spoke in favor of the bill.

05:15:52 PM

Paul Quigley, Block Lab Enterprises, spoke in favor of the bill.

05:19:05 PM

Mr. Quigley responded to questions from the committee.

05:27:27 PM

Senator Tate made closing comments on the
merits of the bill. He distributed Amendment L.005 (Attachment E).

05:37:07 PM	Motion	Adopt amendment L.005
	Moved	Tate
	Seconded

	Jahn
	Kerr
	Priola
	Smallwood
	Williams A.
	Neville T.
	Tate
		YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

05:37:46 PM	Motion	Refer House Bill 18-1220, as amended, to the Committee of the Whole.
	Moved	Tate
	Seconded

	Jahn	No
	Kerr	No
	Priola	No
	Smallwood	Yes
	Williams A.	No
	Neville T.	Yes
	Tate	Yes
		YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL

05:39:07 PM	Motion	Postpone House Bill 18-1220 indefinitely.
	Moved	Priola
	Seconded

	Jahn	Yes
	Kerr	Yes
	Priola	Yes
	Smallwood	No
	Williams A.	Yes
	Neville T.	No
	Tate	No
	Final	YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS

HB18-1220 - Postponed Indefinitely

Colorado General Assembly