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F32E3413EAE4953D8725838A0077A679 Hearing Summary




PUBLIC
BILL SUMMARY For SB19-023

SENATE COMMITTEE ON FINANCE
Date Jan 22, 2019      
Location SCR 357



SB19-023 - Referred to the Committee of the Whole


02:46:57 PM  

Senators Fenberg and Tate, bill sponsors, introduced Senate Bill 19-023.  The bill provides limited exemptions from the securities registration and securities broker-dealer and salesperson licensing requirements for persons dealing in digital tokens for consumptive purposes.  The senators responded to questions from the committee related to technological applications and witness expertise.

02:57:26 PM  

Mr. Eric Kintner, Colorado Blockchain Council, testified in support of the bill.  Mr. Kintner responded to questions from the committee related to legal definitions in the bill and its implementation.

03:09:14 PM  

Senators Fenberg and Tate responded to comments from the committee.  Mr. Kintner responded to further questions from the committee related to legal definitions in the bill and the investment potential of cryptocurrencies that are offered for consumptive purposes.

03:23:41 PM  

Mr. Kintner and Senator Tate responded to a question from the committee related to examples of consumptive uses of digital tokens.

03:26:53 PM  

Senator Tate and other committee members made closing comments on the bill.



03:35:07 PM
Motion Refer Senate Bill 19-023 to the Committee of the Whole.
Moved Tate
Seconded
Gonzales Yes
Lundeen Yes
Tate Yes
Todd Yes
Woodward Yes
Lee Yes
Court Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details