Wyoming lawmakers want to bring in blockchain related businesses. This week the state legislature voted on a bill that exempts certain types of cryptocurrency assets from securities laws. State Representative Tyler Lindholm (R-District 1) and State Senator Tara Nethercott (R-District 4) explain how they create opportunities for businesses in their districts.
"We are identifying the difference between a utility token and a security," explains Lindholm. "We've actually already seen businesses move just based on the premise that we are looking at the bills."
Nethercott says there needs to be a healthy balance of regulation. "We want to make sure we don't have a regulatory environment that prevents its growth," she said. "We want to make sure regulations are reasonable."
The Governor of Wyoming is expected to vote on the cryptocurrency bill within the next week.
Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect.
A stark disagreement over regulating AI in Republicans’ tax cut and spending bill is the latest tension among conservatives about whether to let states continue to put guardrails on emerging technologies or minimize such interference.
Amanda Chu of POLITICO reveals how lawmakers are betting millions on pharma stocks even as Trump threatens tariffs and demands steep drug price cuts. Watch!
At some 940-pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations.