Colorado Governor and avowed bitcoin fan Jared Polis signed the Digital Token Act on March 8, exempting cryptocurrencies from state securities laws under certain conditions. The new legislation also exempts crypto broker-dealers and salespeople from state licensing requirements under limited circumstances. Colorado Crypto Law Takes Effect on August 2 Theresa Szczurek, Colorado's chief information...
The Colorado State Department of Regulatory Agencies (DORA) has taken action against four more ICOs, ordering them to immediately cease and desist from carrying out all activities in violation of state finance laws. In a November 20 press release posted on the regulator's website, it was revealed that with these four new additions, Colorado Securities Commissioner Gerald Rome has now signed...
Gavin Newsom is considered to be “pro-bitcoin.” Certainly, he’s willing to accept BTC for campaign contributions. He also has a record of being pro-technology in general, believing the government should be “performance-based” and that "government information and services at every level should be thoroughly 'digitized,' enabling citizens to conduct business with public agencies online.”...
Colorado’s Department of Regulatory Agencies (DORA) has revealed plans to asses three crypto-based firms offering "unregistered Initial Coin Offerings" in the state as part of an ongoing investigation into a practice being used by fraudulent companies to defraud members of the public. The investigation is being carried out by members of the Division of Securities, part of the Department of...
Colorado Securities Commissioner Gerald Rome has issued signed orders to show cause that three cryptocurrency businesses have allegedly offered and promoted unregistered ICOs in Colorado. The investigation is part of a recent crackdown against fraudulent ICOs by officials of the Division of Securities under Colorado State's Department Of Regulatory Agencies (DORA). 'ICO Task Force' Targets...
The bill would have exempted certain digital currencies from being regulated as securities under the Colorado Securities Act. Colorado's blockchain bill, House Bill 1426, would have also been a boon for innovation in the state was making its way through the State Assembly but got derailed abruptly on Wednesday in a vote. HB 1426 was all but on its way to the governor's desk after seemingly...
The competitive landscape for cryptocurrencies is heating up in the United States. Zero-commission startup exchange Robinhood just announced on Twitter its expansion into Colorado. The trading platform unveiled commision-free trading for leading cryptocurrencies bitcoin and Ethereum in the western state. In addition to cryptocurrencies, the Palo Alto, Calif.-based trading platform also supports...