Colorado’s Department of Regulatory Agencies, Division of Securities opined on Tuesday, February 26 in an interpretive opinion that a digital asset to be developed by a Colorado aerospace technology company would not be considered a security under Colorado securities laws.
The opinion was requested on behalf of SpaceBridge Logistics, Inc. The company asked the Division to clarify that a digital asset issued for the consumptive purpose of exchanges for in-space repair and maintenance services was not a security. The Commissioner agreed, finding that the Division “does not consider these activities to meet the definition of a ‘security’ under § 11-51-201, C.R.S.”
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