In this edition of The Daily we cover new legislation that could make Colorado more attractive to digital businesses and token issuers, the launch of a new cryptocurrency index fund, and the latest miner to succumb to crypto winter.
Also Read: UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency
Colorado Digital Token Act
The governor of the U.S. state of Colorado has signed the crypto-friendly “Digital Token Act” into law. The act, which was was introduced in January, is a major step towards creating a hospitable regulatory environment for the digital assets industry to establish itself in Colorado. This is because it extends certain exemptions from state securities laws for cryptocurrencies, making businesses less hampered by antiquated rules.
Explaining the rationale for the exemptions, the document notes that Colorado has become a hub for companies and entrepreneurs that seek to utilize “cryptoeconomic systems” to power their business models. The costs and complexities of state…