The Wyoming State Legislature has passed 5 bills geared to make defining and regulating digital currencies easier than ever. Once signed by the Governor, they will become law.
Forbes is reporting that the US State of Wyoming created a new new class of assets in defining cryptocurrency as “Utility Tokens.”
While the CFTC and SEC are playing tug of war over whether cryptos should be regulated as commodities or securities, Wyoming has taken a pragmatic, proactive approach to immediate resolve the issue for blockchain businesses and traders.
Special kudos to Caitlin Long of the Wyoming Blockchain Coalition on this notable achievement!