SB24-180
Repeal Colorado Digital Token Act
Concerning the repeal of the "Colorado Digital Token Act".
Session:
2024 Regular Session
Subject:
Bill Summary
Financial Services & Commerce
The "Colorado Digital Token Act" 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 in the "Colorado Digital Token Act" as a digital unit with specified characteristics that is:
- 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.
The act repeals the "Colorado Digital Token Act".
APPROVED by Governor May 17, 2024
EFFECTIVE August 7, 2024
(Note: This summary applies to this bill as enacted.)