The newly fashioned Blockchain Affiliation just lately launched a put up outlining what it calls the Hinman Token Customary based mostly on a speech given final summer time by Invoice Hinman, director of the SEC’s Division of Company Finance. The Blockchain Affiliation’s director of exterior affairs, Kristin Smith, breaks down what elements are a part of the usual, how a lot weight needs to be given to remarks he gave at a convention and the way decentralization can sq. with management. We additionally focus on the Token Taxonomy Act, which seeks to amend the Securities Alternate Act to outline “digital tokens” and when they aren’t securities.
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The Blockchain Affiliation: https://theblockchainassociation.org
Kristin Smith: https://twitter.com/KMSmithDC
The Hinman Token Customary: https://medium.com/@BlockchainAssoc/understanding-the-secs-guidance-on-digital-tokens-the-hinman-token-standard-dd51c6105e2a
Token Taxonomy Act: https://www.congress.gov/invoice/A hundred and fifteenth-congress/house-bill/7356