New United States bill would indicate digital assets are not securities in California
Published by Robert Johnson
cryptodaily.co.uk
cryptodaily.co.uk
CryptoDaily via cryptodaily.co.uk
According to a new update to a bill amending California's securities-law, one of the biggest economies is in the United States and the world's technological industry could be providing new clarity to cryptocurrency owners. For digital assets, the Howey Test says the following: The bill was initially introduced to update the securities law in February but these new updates target the role of cryptocurrency for the future.
The federal securities and exchange commission has been one government body to have an impact on crypto and industry players. California is typically seen as a critical testing hub for new technological policies with cryptocurrency being a quick asset to hop above one the borders.
The federal securities and exchange commission has been one government body to have an impact on crypto and industry players. California is typically seen as a critical testing hub for new technological policies with cryptocurrency being a quick asset to hop above one the borders.
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