Why Wyoming’s Governor Supports the State’s Crypto Banking Law
Keeping Wyoming's lead in crypto banking is a priority of the state's top elected official, Gov. Mark Gordon.
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Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto assets “could benefit from more regulatory clarity.”
Fed’s Bowman on Rate Hikes, Inflation, Crypto Regulation
Federal Reserve Governor Michelle W. Bowman discussed the U.S. economy and the Fed’s....
California’s Governor recently approved a law to include crypto assets in the state’s Unclaimed Property Law (UPL) to preserve unclaimed digital assets in their original form and prevent automatic liquidation or cash conversions. Related Reading: Global Watchdog FSB To Address Stablecoin-Related Risks With Surveillance Overhaul – Report California To Protect Unclaimed Crypto Assets California Governor […]
Wyoming’s Cynthia Lummis – the first U.S. senator to publicly hold bitcoin – has been appointed to the key financial regulatory committee.
The northwest pacific state’s governor has finally passed a bill into law to form a working group to explore the opportunities for industry and commerce to benefit from blockchain. Three years and one veto after it was first proposed, Washington state Governor Jay Inslee has signed a bill into law today that aims to expand the state’s adoption of blockchain technology across various financial and industrial sectors.The law saw Governor Inslee order the formation of the Washington Blockchain Work Group which will “examine various potential applications for blockchain technology.” The Work....
The new bill would allow crypto banks to get faster approvals for conducting business in Wyoming. As the United States continues to weigh out the best ways to include crypto businesses through an infrastructure bill, the state of Wyoming has taken proactive measures to attract Bitcoin (BTC) miners and other crypto businesses to its local jurisdiction. Wyoming’s crypto-friendly notion comes into light as the state has passed more than 24 bills related to blockchain technology. A recent CNBC report shows that the state has now approved a bill that will allow for “quick approval for new....