Blockstack's Stacks Tokens Could Be Tradable in US Amid New Blockchain Launch - CoinDesk
Blockstack, a decentralized computing platform that aims to put users in control of their data and identity, launched a token sale in 2019 after filing for the SEC's Regulation A+ crowdfunding exemption, which made the company the first approved to raise capital via a token sale through the securities market.
With the adoption of a fully developed version of the Stacks Blockchain Stacks Blockchain 2.0, which is anticipated at the end of 2020 or the beginning of 2021 it means PBC "will play a significantly reduced role in the Stacks Blockchain ecosystem, and no longer will have the ability to, among other things, unilaterally make changes to the Stacks Blockchain, issue new Stacks [t]okens or otherwise, control or even necessarily influence the development of the Stacks Blockchain 2.0," according to documents released by Muneeb Ali, the co-founder and chief executive of Blockstack PBC, on Dec. 7.
