# kaal:claim:3411110-024

**Claim.** The regulatory challenges of blockchain based offerings should be addressed by revising federal securities law provisions to recognize digital securities, to permit broad based trading of equity-equivalent digital securities, and to permit their margining.

**Type.** design  **Support.** argued

**Holds when.**

- U.S. federal securities law

**Source quote.**

> may be in part addressed by revising several federal securities law provisions to allow: (i) recognition of "digital securities," (ii) broad-based trading of equity-equivalent "digital securities," and (iii) margining of "digital securities."

**From.** Wulf A. Kaal, Samuel Evans, *Blockchain-Based Securities Offerings* (2019), V. Overcoming Regulatory Uncertainty, page 21

**Cite as.** Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

**Verify.** sha256 of source PDF `c7626eeb7642045b79f8745df1f7232a8fe8bc44a1f7e87b592850e35b392b50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Evans%20-%202019%20-%20Blockchain-Based%20Securities%20Offerings.pdf

**Topics.** securities-law, law-and-legal-systems

**Keywords.** federal-securities-law, law-reform, digital-securities, margining

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.