Blockchain sector ‘about to pay Wyoming back big time’

Earlier this month, we reported that the US state of Wyoming had passed two blockchain, crypto-related bills.

And it has now introduced another one, with this one aiming to clarify the legal position of digital assets and also offer digital asset custody through banks rather than financial institutions.

President of the Wyoming Blockchain Coalition, Caitlin Long, took to Twitter to champion this ‘win-win’ development.

“Envy of the nation”

Mark Gordon, incoming 33rd Governor of Wyoming, recently 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”.