When Is a Token Decentralized Enough to Not Be a Security? – Ep.056

The newly formed Blockchain Association recently released a post outlining what it calls the Hinman Token Standard based on a speech given last summer by Bill Hinman, director of the SEC’s Division of Corporation Finance. The Blockchain Association’s director of external affairs, Kristin Smith, breaks down what factors are part of the standard, how much weight should be given to remarks he gave at a conference and how decentralization can square with leadership. We also discuss the Token Taxonomy Act, which seeks to amend the Securities Exchange Act to define “digital tokens” and when they are not securities.

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CipherTrace: http://ciphertrace.com/unconfirmed

Episode links:

The Blockchain Association: https://theblockchainassociation.org

Kristin Smith: https://twitter.com/KMSmithDC

The Hinman Token Standard: https://medium.com/@BlockchainAssoc/understanding-the-secs-guidance-on-digital-tokens-the-hinman-token-standard-dd51c6105e2a

Token Taxonomy Act: https://www.congress.gov/bill/115th-congress/house-bill/7356

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