10xts-us-congress

Ahead of his plans to introduce ICO and blockchain legislation this fall, Congressman Warren Davidson (R – Ohio 8th) has organized a round table discussion “Legislating Certainty for Cryptocurrencies” on September 25th, 2018 in Washington D.C..

Invited participants include industry representatives from organizations like NASDAQ, InterContinal Exchange (ICE), Kraken, Ripple, Union Square Ventures, a16z, and 10XTS.

The discussion will examine “light touch” regulation—which in June, Davidson said would dissolve some of the legal question marks currently hovering over cryptocurrencies and initial coin offerings (ICOs).

In a CNBC Squawk Box interview, Davidson stated:

There’s been some concern as the SEC started to regulate that everything starts looking like a security to a securities regulator, and we want to make sure that the United States capital markets stay strong and vibrant — and one of the ways to do that is to provide regulatory certainty.

As a prolific member of the U.S. Committee on Financial Services, Congressman Davidson is in position to advance that regulatory certainty.

10XTS is working towards a regulatory-compliant approach to blockchain-based securities with the launch of XDEX, a blockchain-as-a-service platform for the financial services industry.

To demonstrate the use of XDEX, we have tokenized the company’s capitalization table. We are one of the first companies globally to use a distributed ledger to track shares that are represented by tokens on a blockchain as “uncertificated” shares.

This provides a leading example for other early stage companies, and a blazing a solid path towards tokenized equity assets for capital markets.

 

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