The US state of Colorado lawmakers are developing a bill proposing the state to leverage security tokens in capital financing.
The state of Colorado continues its crypto asset moves. The last of these was progress in a bill introduced earlier this year that looks at security tokens in raising capital for the state. If legislation is passed, a study of such use will be approved.
The bill states: “The bill requires the state treasurer to examine the feasibility of using security token offerings for state equity financing and determine the extent to which state equity financing uses security token offerings.”
The bill was first presented in February and passed in mid-March. The bill, which was later sent to the House of Representatives, was amended and improved, including actions by the House Appropriations Committee on May 5.
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