CO Senate to vote on semiautomatic weapon ban
(COLORADO) — A bill banning some semiautomatic firearm sales is up for a vote in the state senate on Friday, Feb. 7.
Senate Bill 3 would ban the purchase, sale, and manufacturing of semiautomatic weapons that accept detachable ammunition magazines, like AR-15s, AK-47s, TEC-9s, and MAC-10s, among others. Existing law prohibits the possession of a 'dangerous weapon,' and SB-3 would define a 'rapid-fire device' and classify rapid-fire devices as dangerous weapons under Colorado law.
One local gun store owner told FOX21 News he's worried about what this legislation could do to his business, and without having any real impact on gun violence.
'At the end of the day, with how these items are going to be required to have a fixed magazine, it does not prevent a criminal from detaching that magazine or modifying it with simple tools they can pick up at Home Depot,' said Ted Collins, Owner and CEO of Spartan Armory. 'So this law will not prevent any criminals from doing bad intent or doing bad things.'
Supporters of the measure say it's not about stripping rights, it's about requiring manufacturers to align with Colorado law.
'This isn't about taking away anybody's guns, but this about saying 'hey manufacturers, if you want to sell your products here in Colorado, follow our laws,'' said Colorado Sen. Julie Gonzalez (D-Denver), a prime sponsor of the bill.
Colorado Governor Jared Polis has not taken a position on the bill, and a spokesperson for his office told FOX21 News that the Governor 'will continue to review the bill as it moves through the process and changes.'
If passed, the bill would implement some of the strictest regulations in the nation.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Starbucks just developed an ingenious way to add 15 grams of protein to almost any drink 5 ways to rewire your brain for happiness RIP to the almost future of computing: Apple just turned the iPad into a Mac You call yourself a no-hype crypto journalist, so can you give us a short, no-hype overview of where we are right now in crypto's evolution? Yeah, I would say we're probably on the cusp of more widespread adoption. The number-one biggest reason is simply that the Trump administration is really embracing crypto. That has not been true of previous administrations. In fact, the Biden administration was probably, I want to say, actively hostile. I don't know if people will love that term, but that's probably a pretty accurate description. For a long time, there were a lot of entrepreneurs who were cautious about doing things in the U.S. This administration is more, not only open-minded, but even in some regards almost a little bit too embracing of crypto, you could say. I think there's going to be probably a decent number of crypto IPOs this year, but then on top of it, stablecoins are probably the first major application that has really found what the industry likes to call product-market fit. We're seeing that stablecoins have a huge amount of uptake, especially in so many other jurisdictions where they don't trust their local currency. It could be Argentina or Venezuela or Turkey or Nigeria. There are just a lot of places where people don't actually have a great way to save their money, and they maybe don't also have really great ways to send money across borders. So, stablecoins are fulfilling that role and Congress is probably on the cusp of finally passing legislation here in the U.S. around stablecoins. For a layperson, someone not engaged in the crypto world, can you just explain what a stablecoin is relative to a memecoin, relative to whatever the portfolio might look like? Yeah, so a stablecoin is any blockchain-based asset that is pegged to the value of some other asset—99% of all stablecoins are pegged to the value of the U.S. dollar. The way that stablecoins really took off initially was that on a number of crypto exchanges, people wanted to be able to buy and trade using dollars. I wrote this book called The Cryptopians, and it covers 2013 until 2018. Even at that time, people would recite back to me the price of Bitcoin or the price of Ether in dollars. No matter whether they were European or Asian or just wherever they were in the world, they always knew the price in dollars. . . . Here's a really simple example: There's a serial entrepreneur in Afghanistan. Her name is Roya Mahboob, and she had this microblogging platform, and I think a lot of the people writing for it were women. 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I mean, you're getting the stability of that U.S. market, which there's some irony in that, because of course one of the philosophical ideas around crypto is that it's not linked to a government, that it's separate. Now we're going to get really deep into this. So you're correct that this is people wanting U.S. dollars, which is a form of currency linked to a specific government, but of course the people who want those dollars are people who don't otherwise have the privilege of easily accessing them. Bitcoin, of course, existed before stablecoins ever existed. There have been times when the Bitcoin price would go up, and then it would crash for a little while, and then it would go up again and then it would crash, and so that's kind of when you started to see stablecoins also take off. 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