0
📰 News
568 views

Wyoming Senate Passes Blockchain ‘Sandbox’ Bill

  • Alex Dovbnya
    📰 News

    Wall Street veteran Caitlin Long reveals that the fintech sandbox bill is now expected to be signed into law by Gov. Mark Gordon

Wyoming Senate Passes Blockchain ‘Sandbox’ Bill
Contents

Caitlin Long, the Wall Street veteran who spearheads the Wyoming Blockchain Coalition, took to Twitter to share some exciting news with cryptocurrency enthusiasts. The Wyoming Senate has just passed the ‘fintech sandbox’ bill that is expected to be a major catalyst for the growth of the Blockchain industry in the Cowboy State.

Two bills have gotten the green light

According to Long, two of the eight Blockchain-oriented bills got the green light from the local legislators. The latest bill was passed 27-3, enjoying almost unanimous support in the Senate. Sen. Ogden Driskill, R-Devils Tower, presided over the voting process.

👉MUST READ

Wyoming Is Ready to Establish Crypto Bank

Wyoming Is Ready to Establish Crypto Bank

The bill will shepherd the development of fintech businesses that focus on Blockchain, cryptocurrencies, and other fledgling technologies. Startups will be able to operate within a flexible regulatory sandbox before to test their products and services before applying for formal licensure.   

As reported by U.Today, the Senate passed the very first bill, which was supposed to recognize cryptocurrencies as legal property, on Jan. 31. Thus, Wyoming became the very first state to make such a huge step towards Blockchain adoption.

Luring in Blockchain-powered startups     

The eight bills are supposed to attract Blockchain and other fintech companies to the state. Long earlier claimed that eight prominent Blockchain companies have already shown interest in Wyoming. Such giants as Fidelity and Coinbase are now able to operate in the state without incurring legal issues.

Cover image via u.today
Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings