Wyoming's Wild West Blockchain Laws and a Start-up Lobby

Abstract

Wyoming is one of the 50 states of the United States (“U.S.”), located in the Mountain Division in the Western part of the U.S. It is spacious and mountainous with beautiful rivers and valleys. The economy in Wyoming is tied to mining, agriculture, and tourism. However, for the past couple of years, Wyoming has been aiming to become one of the promising crypto lands. Wyoming has enacted multiple crypto laws that seek to create a very friendly environment for blockchain and virtual currency businesses. But to what end?