CLICS/CLICS2018A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB18-1220
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Apr 30, 2018
Location SCR 354
HB18-1220 - Postponed Indefinitely
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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.
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05:00:15 PM |
David Cheval, Division of Banking, Department of Regulatory Agencies, spoke in opposition to the bill.
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05:03:31 PM |
Sean Clifford, Colorado Attorney General's Office, spoke in opposition to the bill.
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05:03:56 PM |
Marguerite Salazar, Executive Director, Department of Regulatory Agencies, spoke about the bill. She responded to questions from the committee.
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05:10:06 PM |
Mr. Cheval responded to questions from the committee.
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05:13:28 PM |
Krista Pontius, Bull Pay, spoke in favor of the bill.
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05:15:52 PM |
Paul Quigley, Block Lab Enterprises, spoke in favor of the bill.
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05:19:05 PM |
Mr. Quigley responded to questions from the committee.
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05:27:27 PM |
Senator Tate made closing comments on the
merits of the bill. He distributed Amendment L.005 (Attachment E).
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05:37:07 PM
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Motion |
Adopt amendment L.005 |
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| Moved |
Tate |
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| Seconded |
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Jahn |
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Kerr |
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Priola |
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Smallwood |
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Williams A. |
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Neville T. |
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Tate |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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05:37:46 PM
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Motion |
Refer House Bill 18-1220, as amended, to the Committee of the Whole. |
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| Moved |
Tate |
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| Seconded |
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Jahn |
No |
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Kerr |
No |
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Priola |
No |
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Smallwood |
Yes |
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Williams A. |
No |
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Neville T. |
Yes |
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Tate |
Yes |
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YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL |
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05:39:07 PM
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Motion |
Postpone House Bill 18-1220 indefinitely. |
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| Moved |
Priola |
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| Seconded |
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Jahn |
Yes |
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Kerr |
Yes |
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Priola |
Yes |
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Smallwood |
No |
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Williams A. |
Yes |
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Neville T. |
No |
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Tate |
No |
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Final |
YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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