A new bill seeking to regulate New Jersey crypto companies working with digital assets and financial services is a big improvement over last year’s version, industry insiders said this week.

A new bill seeking to regulate New Jersey crypto companies working with digital assets and financial services is a big improvement over last year’s version, industry insiders said this week.
New Jersey got in on the cryptocurrency offering enforcement action on July 18, suing blockchain-based online rental marketplace Pocketinns for an unregistered sale of securities last year.
It’s hyped, involves of millions dollars, and has Steven Seagal. It’s not another box office bomb but a new cryptocurrency that, like a Seagal movie, is a hot mess just days before its release. Only this time, it’s New Jersey’s government and not angry studio execs trying to pull the plug. The Asbury Park Press reported Wednesday that New Jersey’s Bureau of Securities has ordered the company pushing “Bitcoiin” (yes, that’s an extra “i” and, no, it’s not bitcoin) to stop selling its token ahead of its ICO to investors in the state. The regulators deem it an unregistered security. The guys (really, it’s almost always guys) behind Bitcoiin hired…