framework

A Securities Law Framework for Blockchain Tokens

An open source and free to use framework prepared in collaboration with Coinbase, Union Square Ventures and Consensys.

As the development of blockchain tokens (also known as App Coins) continues to enable new decentralized business models, new legal issues come into focus. For developers, legal and regulatory uncertainty can be one of the main barriers to building new blockchain protocols and applications. The Framework is a starting point for developers and companies entering the space. It can be used to analyze the likelihood that a particular blockchain token (e.g. any given App Coin) would be subject to US federal securities law. It also establishes a set of best practices for token crowdsales. It is open source and free to use.

We’ve also created a Framework Tool as a guide for developers and users of blockchain tokens.

A direct download of this framework is available here

Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permisionless blockchain technologies.