Lawmakers from Colorado are looking to introduce legislation that would exempt cryptocurrencies from current securities laws. Last week, Stephen Fenberg (Democrat) and Jack Tate (Republican) together filed the “Colorado Digital Token Act” – spotted by CoinDesk. The bill states, if a token is designed for consumption, and not marked for investment or speculation, it should not be subject to securities legislation. As such, any companies looking to issues cryptocurrencies or tokens would need to clearly state the coin’s purpose and satisfy the relevant regulations. In order to qualify for the exemption, the cryptocurrency or token will need to be usable…

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