The fisherman's SAY: The previous few days of the Japanese currency market fell sharply. The reason is that some of the digital currency that was madly spread may be regarded as securities. If it is once regarded as securities, then it must follow the United States Securities Act, and not be considered as a lot of abacus securities, it will have to be removed from the United States Exchange, thus losing its liquidity. The Senate in Colorado did not pass this draft, which may change the nature of digital currencies. According to some lawmakers, it is seen as an innovation to protect blockchain startups.
According to public records , 5 Yue 9 Ri in Colorado Senate voted against HB 1426 draft, the draft will depend on the " open block chain tokens " securities property.
The bill in the state House of Representatives has passed , but had a huge difference in the Senate. According to the Denver Post , the last few hours of the Legislative Assembly, the two-party debate was particularly fierce. The legislator originally passed the measure with a one-vote advantage, but the Senate later conducted another vote and rejected the bill with "18-17" votes after some senators changed their positions .
Senator Neville of the bill said he hopes this will encourage the state's blockchain innovation without waiting for the federal regulator's legal clarity on cryptocurrency. After the vote, Neville said:
“ We usually come together and create more opportunities for Colorado companies and startups. In this case, it is an epic failure for those who choose not to support it. ”
The bill states that the tokens created for the cartoon cats in the CryptoKitties blockchain game are basically regarded as " collectible stamps " . On the other hand, tokens created to make money will be treated as securities.
Fisherman: The obsessed cat uses the ERC-721 protocol. In simple terms, the basic feature of the agreement is that the minimum unit is 1 and can no longer be segmented. This is why the bill is considered to be a stamp. Second, the agreement creates non-replaceable tokens. That is, each token is unique and has long been a precondition for its collection. The token created by the ERC-20 agreement, which is currently the protocol used by most of the Eichho project parties, is a token that can be divided, traded, etc., so that it will be created in the bill as “to make money. Token"
The legislative summary states:
" The bill defines " open blockchain tokens " and removes certain open blockchain tokens from the definition of " security " for the purposes of the Colorado Securities Act . "
Lucia Guzman , D said that she did not understand the issue and was convinced to vote " No " in the second ballot when she knew that the Attorney General Cynthia Koffman opposed the bill. She said: " These are all new ideas and may be good ideas ... but I'm not comfortable. " Neville claimed that the Attorney General's Office opposes the bill because it will give a strange new industry band A lot of free space.
Private business some people are disappointed with the results. Venture capitalist and blockchain investor David King said:
“ This is an opportunity for Colorado. ” See, we will provide a clear environment for the industry. This does not mean that fraudsters can violate security laws. Those who oppose it do not understand it at all. “
Fisherman: At the current stage, even those engaged in the blockchain industry are groping in the dark, not to mention the confused legislators and lawmakers. The lack of understanding of the industry and the lack of accumulation of knowledge and experience have, to some extent, given rise to difficulties in the early stage of development of the blockchain and digital currency industries.
Black Cohen, CEO and co-founder of the Denver blockchain lending platform, said he believes legislators will look more positively at the blockchain once they learn more. Wednesday is the last day of the Colorado Legislative Assembly.
Although some states have taken action to define and legalize digital assets, such as Wyoming . However, the U.S. federal regulations remain ambiguous. Industry experts 3 Yuefen attending lawmakers , regulators informed of the situation to lawmakers and seek clearer laws on how to conduct business.