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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On Tuesday, U.S. Sen Cynthia Lummis introduced bipartisan cryptocurrency legislation that she believes may revolutionize the way these assets are regulated in America.
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 crypto expert wasn’t too surprised to learn that a hamster is outperforming billionaire Warren Buffet in the cryptocurrency stock market.
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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.
Kraken, a company that specializes in the purchase, sale and trade of digital currencies, won unanimous approval from the Wyoming State Banking Board on Wednesday.
