Colorado Senate Committee considers using crypto to raise state capital

Colorado senators are considering a bill “to study the feasibility of using security token offerings for state capital financing” entitled “Security Token Offerings State Capital Financing.”
A security token offering creates fractional tokens of an underlying asset without selling the asset directly. The bill looks to explore a new method of state capital financing, as noted below.

“Concerning state capital financing managed by the state treasurer, and, in connection therewith, expanding the types of collateral that can be used to secure such financing and making an appropriation.”

State financing traditionally comes through income taxes, sales taxes, and federal transfers. While tokens such as MiamiCoin have attempted to create new income streams to invest in local projects, they are not officially backed by local government.

Colorado could be the first state to turn to crypto to increase its funding options to reinvest into infrastructure and services.

The Colorado

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We współpracy z: https://cryptoslate.com/colorado-senate-committee-considers-using-crypto-to-raise-state-capital/

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