- Earlier this year in March, Wyoming enacted 13 blockchain enabling laws.
- This legislation was assisted by an organization called Wyoming blockchain task force, but it is now defunct.
- Its founder, Caitlin Long says that this is their transition into something more powerful.
Earlier this year in March, Wyoming enacted 13 blockchain enabling laws which made it the only state in America to provide a comprehensive legal framework in which blockchain can not only thrive but flourish.
This would benefit both individuals and companies. The intention was to foster innovation and creativity and are meant to bring capital, jobs, and revenue into the state of Wyoming. The Wyoming government has also passed a bill to accept cryptocurrency as money.
This legislation was assisted by an organization called Wyoming blockchain task force but it is now defunct. Its founder Caitlin Long says that this is their transition into something more powerful. To quote her directly,
“Well, the team is growing up into something greater and better into an administrative board that can begin its very own enactment.”
The task force had wrapped up its work in September this year and had already assisted with about 8 bills for the 2020 Legislative session.
She believes that these laws will massively contribute to the future of Wyoming and its economy. Most of the states in the US have enforced very strict and limiting laws for the present cryptocurrency ecosystem.
She also explained how the Task Force assisted in building a pipeline of about $20 billion in assets which would be constructed in 2020. To quote her,
“We also see other States in the United States wanting to copy us and now other regions outside of the United States looking to connect in to try to build a global seamless regulatory structure.”
She is of the opinion that building a seamless regulatory structure is very difficult in the United States.
She appreciated the developments of crypto winter were praiseworthy but commenting on bull markets. She said,
“I don’t give that much consideration to the everyday value in light of the fact that at last, I believe that in buyer advertises, it’s an interruption for the most notable individuals in this industry, which is the designers. Without them, we wouldn’t be the place we are.”