Check your U.S. voter registration status or register to vote here.

Token Taxonomy Act of 2019: The Digital Token Exclusion

A Brief Summary of §§ 2(a) & 2(b) of H.R. 2411


Image for post
Image for post
Looks like Bill is taking a little trip to Washington, D.C. — let’s hope he makes it safely!

Scope of this Article

Definition of a Digital Token

Definition of a Digital Unit

Definition of a Security


A computer-readable representation of current or future economic, proprietary, or access rights…

created in a decentralized manner…

recorded to an immutable distributed ledger…

transferable peer-to-peer…

that does not represent a financial interest in a company or partnership…

is NOT a security.

A BILL to amend the Securities Act of 1933 …

Image for post
Image for post
Image for post
Image for post


Facilitating creation of internet of value for the…

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app