Coinbase partners with law firm Debevoise & Plimpton LLP

Coinbase adds Stellar Lumens (XLM) on its professional trading platform

Digital asset exchange and solutions provider Coinbase just announced that has partnered with leading law firm Debevoise & Plimpton LLP to release a Blockchain Token Securities Law Framework.

The company has also created a Framework Tool as a guide for developers and users of blockchain tokens.

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.

Read Also: