President of the Wyoming Blockchain Coalition, Caitlin Long, took to Twitter to champion these developments.
ANOTHER ONE in the books for #Wyoming, 8-1 on HB 62, which broadens #utilitytoken language enacted in 2018 & moves it out of securities chapter into its own chapter of WY law, creating a brand new class of property (digital assets). Here testifying to committee @Tyler_Lindholm pic.twitter.com/0jfckEk4VT
— Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) January 10, 2019
aaaannnddd ANOTHER ONE! #Wyoming #fintech sandbox bill passed House committee 9-0!! Way to go @Tyler_Lindholm! Thanks to the small army of people who came to Cheyenne today! Vote on #bank bill deferred to next Friday, so stay tuned for updates on that big one! @asset_trade pic.twitter.com/w8e0iJHkX8
— Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) January 11, 2019
Further info on the bills can be found here and here.
“Envy of the nation”
Earlier this week, Mark Gordon, incoming 33rd Governor of Wyoming, highlighted the local blockchain industry during his inauguration speech. Its innovative approach has become the envy of the nation, he said, with the rise of startups like BeefChain and SheepChain and businesses being attracted to the state, such as IOHK’s Cardano.
However, he also stressed that, “we can do more”.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.