Wyoming's Congressional Blockchain Committee Holds First Meeting

Published on by Cointele | Published on

After graduating from task force to select committee this week, the blockchain crew within Wyoming's state legislature held their first meeting today.

Listen to article On May 22, Wyoming's Select Committee on Blockchain, Financial Technology and Digital Innovation technology convened in full for the first time, albeit virtually.

Initially announced on May 17, the new select committee evolved from the previous Blockchain Task Force.

"This is a select committee that is able to sponsor its own legislation. In the past, it was a task force that was not able to."

Like a task force, a select committee has a limited timespan.

Today's agendaSpeaking before the committee via Zoom were leaders of Wyoming's Division of Banking and Secretary of State, as well as industry players like Marco Santori, who recently joined Kraken as chief legal officer.

The meeting broadly focused on digital property rights, but committee members saw broader goals, especially amid the COVID-19 pandemic.

Wyoming's role in crypto regulationWyoming is the least populous of the 50 states, but plays an outsized role in crypto regulation.

"At times Wyoming is a flyover state, and a lot of times I prefer that, because it gets us off the radar of federal bureaucracy."

In the field of crypto, Wyoming has led United States regulators.