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SB24-180

Repeal Colorado Digital Token Act

Concerning the repeal of the "Colorado Digital Token Act".
Session:
2024 Regular Session
Subject:
Financial Services & Commerce
Bill Summary

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.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    05/17/2024 Signed Act PDF
    05/03/2024 Final Act PDF
    04/22/2024 Rerevised PDF
    04/20/2024 Revised PDF
    04/02/2024 Reengrossed PDF
    04/01/2024 Engrossed PDF
    03/11/2024 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. S. Fenberg, Sen. J. Smallwood
Rep. W. Lindstedt, Rep. T. Winter

Sponsor

Co-sponsor

Sen. J. Bridges, Sen. B. Gardner, Sen. P. Lundeen, Sen. K. Priola, Sen. J. Rich
Rep. J. Bacon, Rep. C. Clifford, Rep. M. Duran, Rep. L. Herod, Rep. M. Lindsay, Rep. K. McCormick, Rep. M. Rutinel, Rep. M. Soper, Rep. B. Titone, Rep. S. Vigil

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