Colorado leads the way in America with the digital token act of Colorado.

Colorado has announced the digital token act in hopes blockchain technology can thrive the state and offer guidance to companies and investors to where their tokens stand.

The bill provides a limited exemption from securities registration and securities broker and salesperson licensing requirements for persons dealing in digital tokens.

With digital tokens being defined as a digital unit with specified characteristics, secured through decentralized leger or databases, exchangeable for goods or services, and capable of being traded or transferred between persons without an intermediary or custodian of value.

This is extremely positive news for the crypto sector with everyone hoping this opens a can of worms in the space and other states/countries follow suit.