Sen. Chris Rothfuss expressed frustration with a member of Gov Gordon’s staff on Wednesday after she said the governor still had concerns with a cryptocurrency bill. Rothfuss said the governor’s office was “moving the goalposts.”
Wyoming lawmakers deliberated at length Thursday on a proposal that establishes a structure for registering digital property with the Secretary of State, a process that is not yet available anywhere else.
Private cryptographic keys can’t be changed, which creates a problem for legal processes that Wyoming is working to solve. House Bill 86 will prevent a court from compelling through discovery the invisible code that makes up a private cryptographic key.
Nearly 500 decentralized autonomous organizations have registered in the Cowboy State since Wyoming rolled out the red carpet for digital asset companies. They are providing revenue to the state and more opportunity, according to Sen. Chris Rothfuss.
Former Wall Street executive and current Wyoming cryptocurrency champion Caitlin Long was on a panel with FTX founder Sam Bankman-Fried last year. She said she told him that his “business was going to fail.”
“I don’t know why people don’t give him credit,” said the Fremont County Republican Party Chairwoman on Friday, after former President Donald Trump’s superhero digital trading cards sold out and doubled in value hours after their launch.
Wyoming-based American CryptoFed has an ambitious plan to set up a frictionless payment system that will eliminate costly transaction fee. But it’s run aground against a federal SEC process.
Wyoming has the world’s best regulatory framework for digital assets, but the large venture capitalists who decide where the largest blockchains and cryptocurrencies locate appear largely unaware of what the state’s regulatory framework can offer.
The meltdown of cryptocurrency exchange FTX which has filed for bankruptcy and reports more than $ billion of clients’ money is missing, would not have happened if a bill U.S. Sen. Cynthia Lummis has been pushing in Washington, D.C., she says.
A Wyoming company that pledged artwork and gemstones to back a digital currency is suing the company that issued the digital currency.
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Rep. Jared Olsen said he was ‘sorely disappointed’ that Gov. Gordon vetoed a bill that would allow Wyoming to issue its own virtual currency. “We had the opportunity to be the first in the world with this and … we missed the boat. You don’t get another bite at the apple.”
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Despite Wyoming being a pioneer state when it comes to cryptocurrency, one expert does not believe that the state will be accepting it as payment for taxes like neighboring state Colorado.
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A Wyoming man is suing two foreign companies for breach of payment. He claims they owe him $1.4 million in crypto-currency.
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The nation’s second bank dedicated to handling digital assets and easing transactions between digital assets and the American dollar has won approval to operate in Wyoming.
