Wyoming’s crypto sector’s fate up to federal regulators

Wyoming’s crypto sector’s fate up to federal regulators

After years of laying groundwork, the future of Wyoming’s cryptocurrency banking industry now lies in the hands of federal regulators. In a presentation to the Wyoming Legislature’s Select Blockchain Committee on Tuesday, Lummis policy advisers Tyler Lindholm and Chris Land warned lawmakers that Wyoming could lose its competitive advantage to other states in the race to lure cryptocurrency firms to the Cowboy State. The delay was not due to any fault of the state legislature, but the slow pace of federal regulators and quasi-regulatory organizations like the American Bankers’ Association in developing rules to allow consumers to bank with the decentralized, digital currency.

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