Wyoming’s New Online Sports Betting Law OKs Crypto Wagers
Pro-blockchain lawmakers in the state have made cryptocurrency inclusion a natural feature of their legislative agenda.
“We have to do a great deal more” to clarify the U.S. cryptocurrency regulatory framework, Wyoming's Cynthia Lummis said.
If signed by the governor, the legislation would create a state charter for crypto banks.
“People often look to New York or Miami or Delaware before they look at Wyoming. But a lot of the pioneering work has been done here.”
The guidelines would have a direct bearing on Wyoming special purpose depository institutions that want access to Fed payments, said U.S. Sen. Cynthia Lummis.
Wyoming DAO LLCs have to be domiciled in the state, which could be a point of confusion for denizens of the decentralized web.