The TokenSoft Value Token platform has joined the Blockchain Association (BA) cryptocurrency lobby group., based in the United States.
The San Francisco-based token issuing platform announced this in an official announcement on April 27 would join the DC-based organization “educate regulators and elected officials about the benefits of using blockchain technology and the need for responsive national regulatory standards.”
With the announcement that the company would take a leadership role at BA, TokenSoft said the move should control the use of blockchain technology in the current legal framework, improve and improve compliance with token rulesat long last achieve greater automation of the blockchain infrastructure.
Kristin Smith, executive director of the Blockchain Association, said in a statement that Adding TokenSoft to the organization would “provide an important perspective to support a business and consumer friendly regulatory solution [a la ley de valores]“”
Alex Levine, Legal Director of TokenSoft, will also chair the Group’s Value Token Working Group.
Legal assistance from the Blockchain Association
BA has supported other blockchain companies facing legal challenges. The organization submitted at least two Amicus Curiae reports to Canadian messaging company Kik and Telegram in 2020. Both companies are facing litigation by the United States Securities and Exchange Commission.
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